MovieChat Forums > Nicolas Cage Discussion > How has he not paid off all of his taxes...

How has he not paid off all of his taxes?


He used to pick out hit after hit films that if not critically well received, were financial successes. Now he is lucky if one out of ten of his film are just decent. Why has he not paid off all his taxes, he does so many movies each year that he rivals Danny Trejo and Michael Madsen in low-budget, straight to DVD work schedules? You mean to tell me he has been at this for ten years and has not put his financial issues to rest? Finally, why does he not wait to do more commercial and higher budget movies that at least get a theatrical release? It would most likely ensure a bigger paycheck and more roles that would net him a higher paycheck. This guy won and Oscar and use to be such as big star, how has this happened?

reply


The problem with taxes isn't the tax as much as the interest and penalties which compound the longer the error goes undiscovered. The government owns your ass if you're not diligent about working through the ridiculous tax codes.

reply

I would just think that with the crazy of quantity of movies he was doing for so many years that it would of been paid off quicker, but I guess the penalties it was really hurt. At least he has them all paid off now.

reply


Also, a lot of people simply don't know how to live within their means. Look at all the lottery winners that were broke and suicidal within 5 years.

reply

He claims to have paid it all back now however his paycheck per picture is very low now like 100K per film. With taxes, manager, agent financial advisor fees it’s not much left. Like 30%
Not easy paying $10M back taxes on that.

reply

Yeah. I heard he is in the clear. He has to rebuild his career as I get back to his former status. I just saw Reinfield yesterday and let’s just saw he has a very long way to go.

reply

A very long way!

reply