Aspiring actor Nicolas Cage is looking to help settle his $6.5 million tax bill by suing his former business manager, Samuel Levin, for approximately three times that amount. According to NC, his road to financial ruin was a direct result of Levin’s rather bullish position real estate over the past couple of years. So now it’s time to pay up. But litigation takes time and the IRS is still learning that patience is a virtue which means Cage is going to have to part with some of the crown jewels of his collection.
As a result of the financial mismanagement, Cage has been “forced to dispose of significant assets,” according to the lawsuit. Among the properties on sale are three castles in Bavaria, Germany, and Bath and Somerset, England, as well as Dean Martin’s former mansion in Bel Air, Calif. Also on sale are novelist Anne Rice’s former home in New Orleans and a New Orleans mansion described as the “most haunted house in the United States.” Other properties on the block include homes in New York and Las Vegas, and a 132-foot yacht.
Nicolas Cage Sues Ex-Manager for Not Paying His Taxes [WebCPA]
Posted by guest , Oct 19, 2009 5:33PM
he looks so constipated in that pic
Posted by guest , Oct 19, 2009 5:38PM
@1, I believe the word you're looking for is regal. As in, "He looks so regal in that pic."
Posted by CoveredLong , Oct 19, 2009 5:43PM
Andre Baptiste Sr.: They say that I am the evader of taxes, but perhaps it is you.
Nic: I believe it's "tax evader."
Andre Baptiste Sr.: Thank you, but I prefer it my way.
Posted by guest , Oct 19, 2009 5:44PM
he looks so fivehead in that pic
Posted by guest , Oct 19, 2009 5:51PM
colleague wonders if he should stick a shiv in Mr Cage and lowball the shit out outa his "crown jewels"
Posted by guest , Oct 19, 2009 6:00PM
I'm sorry, but who needs that many homes! Then he claims that he didn't know that he was over-spending!!!!!!
Posted by guest , Oct 19, 2009 6:03PM
I am on the record as stating that I informed herr Mr.Cage that he required sound tax advice.
Count No Von Taxes
UBS, Private Client Group
0 strasse taxes nein danke
Switzerland 0000
Posted by guest , Oct 19, 2009 6:12PM
East solution. Con Air 2!
Posted by guest , Oct 19, 2009 6:12PM
Easy solution. Con Air 2!
Posted by guest , Oct 19, 2009 6:16PM
@3 FTW^2
Posted by guest , Oct 19, 2009 6:22PM
@6 true point but you are stating the obvious.
Movie stars (and Pop stars)have no clue how to control their spending. This (sad) story is as tired as Brittany Spears and will repeat itself time and time again. Sad but true.
That being said there are some notable exceptions, check out Bono or David Bowie's finances, or Peter Gabriel. All are very wealthy people and the one unique factor, they are all actively involved in their finances.
Posted by guest , Oct 19, 2009 6:35PM
Greg is more constipated in his writing than Nic can ever be in his rear.
Posted by guest , Oct 19, 2009 6:48PM
Yea, he's packed.
Posted by He Hate Me , Oct 19, 2009 7:01PM
What a waste of a perfectly good story. I will weep tonight dreaming of what Bess could have done with this.
Posted by guest , Oct 19, 2009 7:14PM
Is this a still from the new David Carradine biopic?
Posted by guest , Oct 19, 2009 7:36PM
I don't understand how this 'story' relates to business. I do understand why Greg would write about it (poorly).
t
Posted by guest , Oct 19, 2009 8:41PM
He doesn't look happy getting his H1N1 flu vaccine in that pic!
Posted by guest , Oct 19, 2009 9:54PM
Can you bring me the gun of Rambo?
Posted by guest , Oct 19, 2009 10:21PM
parts one , two , or three??
Posted by Anal_yst , Oct 19, 2009 10:24PM
yacht is called "Sea Ghost" and is spent a good deal of time in NYC @ North Cove Marina this past year, just a friendly fyi
Posted by guest , Oct 19, 2009 11:12PM
Nic "The Family Man" Cage: It's an unbelievable thing. Wearing this suit actually makes me feel like a better person. I'm gonna buy it.
Tea Leoni: It's $2,400. Are you out of your mind? Come on, let's go.
Cage: She got those shoes. Those shoes were $25.
Posted by guest , Oct 20, 2009 12:16AM
Seriously, how did it get burned?
Posted by guest , Oct 20, 2009 8:58AM
this sucks / i hate greg / etc
Posted by guest , Oct 20, 2009 9:48AM
Think Lisa Marie will take him back?
Posted by NotNasser , Oct 20, 2009 9:59AM
#24, "Think Lisa Marie will take him back?"
Take who back? Nicholas Cage or Greg? I didn't know Greg and LM had ever had a thing....
Posted by guest , Oct 20, 2009 10:14AM
Good time to go on a bender in Las Vegas with Elizabeth Shue.