London, Apr 5 (ANI): Nicolas Cage has paid off almost half of an enormous tax bill, dating back to 2002.
The 48-year-old actor owed around 13 million dollars in federal income-based payments but has now cleared off a huge chunk of the debts.
He recently gave $6,257,005 to the government, according to official documents obtained by TMZ, which show a receipt signed in Oakland, California on February 15.
The amount filed at the local Country Recorder will go towards the tax period ending in 2007 while there is still 2002, 2003 and 2004 to pay for.n December he paid off a much smaller fraction of the debt, $360,545 in back taxes from 2002 to 2004.
Cage blamed his former business manager for driving him to what he called 'financial ruin'.
"Over the course of my career I have paid at least 70 million dollars in taxes." The Daily Mail quoted him as saying in 2010.
"Unfortunately, due to a recent legal situation, another approximate $14 million is owed to the Internal Revenue Service (IRS), however, I am under new business management and am happy to say that I am current for 2009.
"All taxes will be paid including any to be determined state taxes," he said.
Cage was forced to sell off many of his assets, including properties in California, Las Vegas and New Orleans as well as a Barvarian castle, yachts and a 67-million-year-old dinosaur skull worth 276,000 dollars.
The actor's spending is legendary, and Sam has claimed that by 2008 the star owned several luxurious items and properties. (ANI)
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