Nicolas Cage Coughs Up $6.25 Million To Pay Back Taxes

Nicolas Cage has paid $6.25 million to the IRS in an attempt to pay off the huge back taxes tab he owes Uncle Sam. According to the documents, the multi-million dollar payment covers his taxes owed on his 2007 earnings.

In all, the actor has to pay around $13 million in federal income-based payments.  His latest submission of funds has cleared him of about half of the debts.

“Over the course of my career I have paid at least $70 million in taxes,” says Cage. “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.”

In December 2011, the Ghost Rider: Spirit of Vengeance star paid off a much smaller portion of the debt, $360,545, in back taxes from 2002 to 2004.

Cage blamed his former business manager for causing him to fall into what he described as a ‘financial ruin’.  However, Sam Levin insists that the actor’s own spending habits are what caused his downfall.

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