Nicolas Cage is £3.7m in debt!

[Rollcage]

According to Sky News ,Nic Cage is struggling to pay a tax bill of £3.7m

linky

How has he managed that? I just dont get how these people can get paid millions per film and still manage to screw up their finances. Its just unbelievable.

[paoloh]

The mind boggles

[paoloh]

The mind boggles

[RemaL]

Rollcage said:

How has he managed that?

He's not managed that, but his accountant I would have thought.

[Eric Mc]

Does his debt exactly match his tax bill or does he have other debts too?

He may need to sell off his collection of classic cars - if he hasn't already done so.

[r1ch]

Crazy.

And while were on the subject of your Mr Cage, if your reading this. Can you start making some good films again please. Con air? Face off? The Rock?
These days you just can't be bothered, can you?

You never know, he might read it.

[Pferdestarke]

It seems crazy. I've always lived to my means and occasionally beyond them but when you earn literally millions it does not stack up.

Did he expect the 'revenue' to let it go?

Silly fool.

[Eric Mc]

Pferdestarke said:

It seems crazy. I've always lived to my means and occasionally beyond them but when you earn literally millions it does not stack up.

Did he expect the 'revenue' to let it go?

Silly fool.

How do we know that the IRS figutre is correct?

[J-c]

r1ch said:

Crazy.

And while were on the subject of your Mr Cage, if your reading this. Can you start making some good films again please. Con air? Face off? The Rock?
These days you just can't be bothered, can you?

You never know, he might read it.

you forgot Gone in sixty seconds/ Windtalkers/ 8 mm/ Snake eyes/Leaving Las Vegas

[paoloh]

Eric Mc said:

Pferdestarke said:

It seems crazy. I've always lived to my means and occasionally beyond them but when you earn literally millions it does not stack up.

Did he expect the 'revenue' to let it go?

Silly fool.

How do we know that the IRS figutre is correct?

Can he dispute a tax bill from 7 years ago? Genuine question.

[The Hypno-Toad]

Wasn't he financially supporting the Ghost Rider movie (on TV last night funnily enough)? As it was a massive turkey maybe thats drained his bank balance.

It was his favourite comic book as a boy.

[Eric Mc]

paoloh said:

Eric Mc said:

Pferdestarke said:

It seems crazy. I've always lived to my means and occasionally beyond them but when you earn literally millions it does not stack up.

Did he expect the 'revenue' to let it go?

Silly fool.

How do we know that the IRS figutre is correct?

Can he dispute a tax bill from 7 years ago? Genuine question.

I would assume that he has been disputing the figure for as long as seven years. I can't say that I know an awful lot abiout US tax assessment, collection and appeal procedures.

[paoloh]

The Hypno-Toad said:

Wasn't he financially supporting the Ghost Rider movie (on TV last night funnily enough)? As it was a massive turkey maybe thats drained his bank balance.

It was his favourite comic book as a boy.

If that is the case, surely he would offset his losses against the tax bill??

[telecat]

Eric Mc said:

paoloh said:

Eric Mc said:

Pferdestarke said:

It seems crazy. I've always lived to my means and occasionally beyond them but when you earn literally millions it does not stack up.

Did he expect the 'revenue' to let it go?

Silly fool.

How do we know that the IRS figutre is correct?

Can he dispute a tax bill from 7 years ago? Genuine question.

I would assume that he has been disputing the figure for as long as seven years. I can't say that I know an awful lot abiout US tax assessment, collection and appeal procedures.

Generally The US IRS seems to be a pretty vindictive organisation.

[Eric Mc]

telecat said:

Eric Mc said:

paoloh said:

Eric Mc said:

Pferdestarke said:

It seems crazy. I've always lived to my means and occasionally beyond them but when you earn literally millions it does not stack up.

Did he expect the 'revenue' to let it go?

Silly fool.

How do we know that the IRS figutre is correct?

Can he dispute a tax bill from 7 years ago? Genuine question.

I would assume that he has been disputing the figure for as long as seven years. I can't say that I know an awful lot abiout US tax assessment, collection and appeal procedures.

Generally The US IRS seems to be a pretty vindictive organisation.

By all accounts, they make HMRC almost warm and cuddly.

[MitchT]

If he's £3.7M in debt then, theoretically, I am more than £3.7M better off than he is. So how come he gets to live the way he does while I have to live the way I do? I don't quite understand.

[Mon Ami Mate]

He has just sold his townhouse is The Circus, in Bath, which must have been worth a fair bit. He does still own Midford Castle on the edge of the city though. Suspect he's not quite on his uppers yet... http://en.wikipedia.org/wiki/Midford_Castle

[Justayellowbadge]

Owing someone 3.7m does not make you '3.7m in debt'.

[Rollcage]

Justayellowbadge said:

Owing someone 3.7m does not make you '3.7m in debt'.

.
agreed,but the article is not painting a rosy picture,is it?If someone is selling off capital assets to meet current or past liabilities while still earning then they are in a precarious position,i would have thought.

[Cooky]

Hmmmm! $3.7M This maybe a coincidence but 'Cocaine Slags' is an anagram of his name