Thursday, February 28, 2008

This Week's IRS "Hall of Shame" Inductee: Nicolas Cage

Nicolas Cage has gone to tax court ladies and gentlemen. It would appear that the Academy Award-winning actor used his company, Saturn Productions, "to wrongly write off $3.3 million in personal expenses," reports Forbes. Cage's business manager commented stating the spending, which included "limos, meals, gifts, travel" and a Gulfstream jet, were all "security needs." Cage is in the process of disputing $814,000 in taxes and penalties. For all of you Cage fans out there (all three of you), we'll keep you posted.

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