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Nic Cage

Targeted By IRS

Over Extravagant Gifts

4/15/2011 12:43 PM PDT BY TMZ STAFF

Nic Cage might be the GREATEST GIFT GIVER of all time -- because according to the IRS, the actor gifted roughly $1.8 mil to people between 2004 and 2009 ... problem is, he forgot to pay the taxes.

0415_nic_cage_exd_doc
TMZ obtained a federal tax lien filed against Cage in L.A. County -- which shows the actor is on the hook for $624,934.64 in unpaid gift taxes. 

FYI -- federal tax laws require the gift giver to pay a 35% tax on all large gifts.

Here's a year-by-year breakdown on how much money Cage allegedly owes based on the gifts he gave ... notice how the size of the gifts diminished as his financial woes grew.

2004 -- $135,500.90
2005 -- $113,648.10
2006 -- $163,059.93
2007 -- $164,336.98
2008 -- $40,429.45
2009 -- $8,959.28

As TMZ has previously reported, Cage blamed his former business manager for making risky and reckless investments with his fortune ... resulting in "catastrophic losses."

62 COMMENTS

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1.

KittyKittyKitty    

Yikes! No- not Nicky!

1253 days ago
2.

AyeJay    

great.

1253 days ago
3.

kar    

I just don't understand why people make all this money and spend it so crazy and be so stupid not to pay taxes. Where is the common sense?

1253 days ago
4.

DB    

The IRS SUCKS!

1253 days ago
5.

messenger69    

The MAN earns and the GOVENMENT takes it away to redistribute to themselves. Isn’t this SOCIALISM?

1252 days ago
6.

kp    

It's some one else that made him do it.
He did sign the tax papers right. Maybe he could see a few homes, and a few cars to pay for the taxes, I am sure he would not miss them since he has so many. He needed to lease 2 Rolls Royce cars in 1 year right

1252 days ago
7.

Jackie22    

Jesse McCartney is coming out with a new women's fragrance called Wanted By Jesse I read on Twitter.com/wantedbyjesse

1252 days ago
8.

PhilipMarkum    

*** Who the heck knew about that tax? I didn't. Bet Nic Cage doesn't either. Pretty crappy that if you give someone a gift taxes have to be paid on it? How much does the gift have to be to have to pay taxes on it? What a crappy Communist-type tax. It goes along with Obama's plan to tax 90% of all earnings over $106K annually. Sounds like Nic Cage is the new target now that they've gotten Wesley Snipes. Ozzy and Sharon Osborne will be next, along with Kelly Osborne, since they owe huge taxes also. ***

1252 days ago
9.

Anson    

If you don't give, you won't have to pay the taxes. You might even go to jail for being generous lol

1252 days ago
10.

RyogaVee    

"35% tax on all large gifts."
HOLY CRAP! You have to pay over a 4th of the value of something to give it away to someone else?

1252 days ago
11.

Room Service    

test

1252 days ago
12.

diogenes    

It appears the IRS wants their pound of flesh from Cage.

1252 days ago
13.

EmilyM    

If I give someone a car piece by piece (individually gift wrapped of course), do I have to pay the tax for a whole car?

1252 days ago
14.

Squirtle    

I guess that is why he can't stop filming those crappy movies?

Follow me on Twitter. http://twitter.com/JasminB2

1252 days ago
15.

northern gypsy    


i believe N.C. but it was his $$$ and responsibility...
ok...he's a artist...in other words...not business savvy...
sorry...he had to have been brain dead...not to notice !!!

1252 days ago
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