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Nicolas Cage in tax trouble (again), this time for unpaid gift taxes
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Remember when Nicolas Cage attempted to liquidate some of his assets to pay $14 million in unpaid taxes? Well, lesson not learned. According to TMZ, the "Drive Angry" actor is on the hook to the IRS for another $624,934.64 in unpaid gift taxes.Apparently the guy, in addition to being in every movie known to man, is super-generous and gifted more than $1.8 million to people between 2004 and 2009. One problem: He failed to pay the taxes (Federal law requires a 35 percent tax be paid on gifts over $13,000).
Cage blamed his former tax manager for the $14 million in unpaid taxes he owed as of 2010. He failed to sell his Bel Air mansion at auction and ownership eventually reverted to the foreclosing lender.
Maybe there is a method to the guy's madness -- "Drive Angry 3D" and "Season of teh Witch" salaries will surely make a dent in what Cage owes the IRS.
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"The" is spelled t-h-e, not t-e-h.
Jesus, don't you people read ANYTHING before you post it! My god, I could write and edit better than this in the 2nd grade!
This site allows a douchebag like M E O W to post on here, so why be surprised with anything the admins do on this board? But Cage has a good heart but he needs to remember to pay off his taxes once in a while to avoid the IRS from breathing down his back.
I always thought it was the recipient of the gift who owed the tax. Weird. Guess the government will get anyone and everyone, however they can.