Cage owes the taxman

2010-01-07 13:28

Middletown - Actor Nicolas Cage owes roughly $128 000 in unpaid taxes on a mansion in Rhode Island.

Lynne Dible, finance director for the town of Middletown, said Cage is delinquent on property taxes from the last three quarters.

The Oscar-winning actor sued his former business manager in October for $20m, claiming the man's advice led him toward financial ruin. Records show Cage owes millions of dollars in unpaid taxes to the IRS, and the actor said he's had to sell numerous assets because of his finances.

Cage's ex-business manager, Samuel J Levin, has countersued, saying Cage's lavish spending is to blame.

Cage's attorney did not immediately return a call seeking comment. The Rhode Island home is on the market for $12m.