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Nicolas Cage's $6m Debt Catches Up With Him
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Author:  pcernie [ Sat Oct 10, 2009 9:10 am ]
Post subject:  Nicolas Cage's $6m Debt Catches Up With Him
http://news.sky.com/skynews/Home/Showbi ... 3153?f=rss

Nic Cage, yesterday:






Image
Author:  Amnesia10 [ Sat Oct 10, 2009 11:41 am ]
Post subject:  Re: Nicolas Cage's $6m Debt Catches Up With Him
How come so many stars some how screw up their tax issues. It is not as if they can't afford it. :oops:
Author:  pcernie [ Sat Oct 10, 2009 12:02 pm ]
Post subject:  Re: Nicolas Cage's $6m Debt Catches Up With Him
Amnesia10 wrote:
How come so many stars some how screw up their tax issues. It is not as if they can't afford it. :oops:


Have you seen the way Nic Cage behaves just in his films? :shock: ;)

By most accounts, Snipes (for instance) appears to be an absolute ball bag, so it's not inconceivable that he wouldn't try his luck with the tax game either...

They'll all get caught eventually, but I guess the smart ones earn off what they aren't paying in the meantime for the inevitable outcome... then hire a good lawyer ;)
Author:  Amnesia10 [ Sat Oct 10, 2009 12:58 pm ]
Post subject:  Re: Nicolas Cage's $6m Debt Catches Up With Him
Isn't Snipes doing three years for tax evasion in Club Fed? Regardless of their acting and prancing about they should pay tax. If not you just set a bad example for everyone else.
Author:  pcernie [ Sat Oct 10, 2009 1:07 pm ]
Post subject:  Re: Nicolas Cage's $6m Debt Catches Up With Him
Amnesia10 wrote:
Isn't Snipes doing three years for tax evasion in Club Fed? Regardless of their acting and prancing about they should pay tax. If not you just set a bad example for everyone else.


He's free while his appeal is going through, which seems to give him time to work (he had to turn The Expendables as he'd have to travel outside the US :) ).

It's probably the fact that few people ever tell them they can't do something, or expect to get away with it because they have for so long, that sees stars avoid tax etc.
Author:  Amnesia10 [ Sat Oct 10, 2009 1:30 pm ]
Post subject:  Re: Nicolas Cage's $6m Debt Catches Up With Him
pcernie wrote:
It's probably the fact that few people ever tell them they can't do something, or expect to get away with it because they have for so long, that sees stars avoid tax etc.

Yes but that does mean we can expect to see more stars doing time. :D
Author:  ProfessorF [ Sat Oct 10, 2009 1:36 pm ]
Post subject:  Re: Nicolas Cage's $6m Debt Catches Up With Him
Amnesia10 wrote:
How come so many stars some how screw up their tax issues. It is not as if they can't afford it. :oops:


Probably for the same reasons that most sports pros go bankrupt about 10 years after retiring. These people aren't business people, they're performers.
Clicky for probably the only Sports Illustrated article I've read that doesn't include bikinis somewhere.
Author:  AlunD [ Sat Oct 10, 2009 1:39 pm ]
Post subject:  Re: Nicolas Cage's $6m Debt Catches Up With Him
ProfessorF wrote:
Amnesia10 wrote:
How come so many stars some how screw up their tax issues. It is not as if they can't afford it. :oops:


Probably for the same reasons that most sports pros go bankrupt about 10 years after retiring. These people aren't business people, they're performers.
Clicky for probably the only Sports Illustrated article I've read that doesn't include bikinis somewhere.


Yeah but its the same for any self employed person the first thing you do is get a good accountant. :roll:
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