Comments on: Livin’ like Michael Jackson: Nicolas Cage is millions in debt http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/ Stylish celebrity escapism Tue, 14 Feb 2012 20:15:05 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kevin http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-481287 Kevin Tue, 13 Oct 2009 17:53:17 +0000 http://www.celebitchy.com/?p=74906#comment-481287 Raising Arizona. Classic. Peggy Sue got Married. Classic. Moonstruck. Classic. Valley Girl. Classic. Rumble fish. Classic. Racing with the moon. Classic. Zandalee. Soft porn classic. 8mm. Classic. Honeymoon in Vegas. Classic. Bringing out the dead. Classic. This dude is an Oscar winner and probably better at his job than most who are deriding him here are at their jobs. Who cares if he can't handle his money. That's his own problem. Raising Arizona. Classic. Peggy Sue got Married. Classic. Moonstruck. Classic. Valley Girl. Classic. Rumble fish. Classic. Racing with the moon. Classic. Zandalee. Soft porn classic. 8mm. Classic. Honeymoon in Vegas. Classic. Bringing out the dead. Classic. This dude is an Oscar winner and probably better at his job than most who are deriding him here are at their jobs. Who cares if he can’t handle his money. That’s his own problem.

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]]> By: TaylorB http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479235 TaylorB Mon, 12 Oct 2009 16:53:51 +0000 http://www.celebitchy.com/?p=74906#comment-479235 Firestarter wrote: 'I thought he was excellent in Leaving Las Vegas." I couldn't agree more, he was fantastic. I also loved him in Moonstruck. That being said, it never ceases to amaze me how people blow through that kind of $$. Like Michael Jackson, Mike Tyson, etc. Don't they have financial managers? Firestarter wrote: ‘I thought he was excellent in Leaving Las Vegas.”

I couldn’t agree more, he was fantastic. I also loved him in Moonstruck.

That being said, it never ceases to amaze me how people blow through that kind of $$. Like Michael Jackson, Mike Tyson, etc. Don’t they have financial managers?

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]]> By: mike http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479228 mike Mon, 12 Oct 2009 16:48:12 +0000 http://www.celebitchy.com/?p=74906#comment-479228 I don't like him, but he makes fun movies. Let's get real, though. He made investment choices that was thought to be wise at the time, but is considered bad today, so he is now in debt. Just few years back, real estate was the 21st century equivalent to gold, i.e., the safest kind of investment. With the bubble burst, it's not so, but he is not the only "stupid" person to have overinvested in real estimate over the years. There are a lot of professional flippers who are in trouble today because of the real estate market depression. As for giving him loan, why not? He has tangible properties that can be used as collateral and that a bank can put lien on in case of default, therefore Cage would be actually considered pretty safe place to lend to. Besides, celebrities are IRS' favorite target for back tax collection and/or tax evasion. Unlike crooked CEOs and trust fund babies, their income is relatively transparaent and they rarely are able to hide their money away in overseas tax shelters like the true super rich, the Fords, the Bushes, the Rockefellers. I don’t like him, but he makes fun movies. Let’s get real, though. He made investment choices that was thought to be wise at the time, but is considered bad today, so he is now in debt. Just few years back, real estate was the 21st century equivalent to gold, i.e., the safest kind of investment. With the bubble burst, it’s not so, but he is not the only “stupid” person to have overinvested in real estimate over the years. There are a lot of professional flippers who are in trouble today because of the real estate market depression.

As for giving him loan, why not? He has tangible properties that can be used as collateral and that a bank can put lien on in case of default, therefore Cage would be actually considered pretty safe place to lend to.

Besides, celebrities are IRS’ favorite target for back tax collection and/or tax evasion. Unlike crooked CEOs and trust fund babies, their income is relatively transparaent and they rarely are able to hide their money away in overseas tax shelters like the true super rich, the Fords, the Bushes, the Rockefellers.

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]]> By: lucy http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479179 lucy Mon, 12 Oct 2009 16:16:14 +0000 http://www.celebitchy.com/?p=74906#comment-479179 How exactly does one go about buying property after property (including castles) if you owe millions to the IRS? I could see this coming though, he's been trying to sell stuff off for a while. I have no sympathy for people like this, who not only make huge amounts of money but also have the potential to make a lot more, but don't bother to pay their bills, their taxes, etc. And no sympathy for those unable to manage their huge amounts of money. If you're not capable, hire a professional to tell you what you can and can't buy. How exactly does one go about buying property after property (including castles) if you owe millions to the IRS? I could see this coming though, he’s been trying to sell stuff off for a while.
I have no sympathy for people like this, who not only make huge amounts of money but also have the potential to make a lot more, but don’t bother to pay their bills, their taxes, etc. And no sympathy for those unable to manage their huge amounts of money. If you’re not capable, hire a professional to tell you what you can and can’t buy.

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]]> By: Maritza http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479139 Maritza Mon, 12 Oct 2009 15:44:10 +0000 http://www.celebitchy.com/?p=74906#comment-479139 Didn't he own a castle somewhere? Didn’t he own a castle somewhere?

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]]> By: Tess http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479119 Tess Mon, 12 Oct 2009 15:24:02 +0000 http://www.celebitchy.com/?p=74906#comment-479119 Hogdriver: Far as I know, his parents are non celebs, but his father and Francis Ford Coppola are brothers. He dropped the Coppola name and took "Cage" instead, in honor of a dance choreographer. Go figure. Hogdriver:
Far as I know, his parents are non celebs, but his father and Francis Ford Coppola are brothers.

He dropped the Coppola name and took “Cage” instead, in honor of a dance choreographer. Go figure.

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]]> By: hogdriver http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479099 hogdriver Mon, 12 Oct 2009 14:55:08 +0000 http://www.celebitchy.com/?p=74906#comment-479099 Another child of a Hollywood family who has no education or ever had a real job. I don't remember who his parents are though. Anyone know? Another child of a Hollywood family who has no education or ever had a real job. I don’t remember who his parents are though. Anyone know?

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]]> By: hatsumomo http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479095 hatsumomo Mon, 12 Oct 2009 14:51:39 +0000 http://www.celebitchy.com/?p=74906#comment-479095 Hey I love Nic Cage. But alas, my man doesn't feel the same also......And his son looked eerily like my man when he was 15...hmmm Hey I love Nic Cage. But alas, my man doesn’t feel the same also……And his son looked eerily like my man when he was 15…hmmm

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]]> By: bros http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479072 bros Mon, 12 Oct 2009 14:26:23 +0000 http://www.celebitchy.com/?p=74906#comment-479072 I have always thought he has one of the ugliest mugs in showbusiness, and it only works in drama, where his talents really do shine. HOWEVER, he keeps making terrible movie choices, like fat elvis said, because they pay more because they are expected to be blockbusters. but he is anything but leading man in an adventure/action movie material, and never comes across as believable (maybe in the Rock he did) and always seems miscast. I know he is trying to make as much $$ as possible, but I think he has hurt himself with his lame movie choices, which do worse than expected at the box office. I have always thought he has one of the ugliest mugs in showbusiness, and it only works in drama, where his talents really do shine. HOWEVER, he keeps making terrible movie choices, like fat elvis said, because they pay more because they are expected to be blockbusters. but he is anything but leading man in an adventure/action movie material, and never comes across as believable (maybe in the Rock he did) and always seems miscast. I know he is trying to make as much $$ as possible, but I think he has hurt himself with his lame movie choices, which do worse than expected at the box office.

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]]> By: gg http://www.celebitchy.com/74906/livin_like_michael_jackson_nicolas_cage_is_millions_in_debt/#comment-479049 gg Mon, 12 Oct 2009 14:02:41 +0000 http://www.celebitchy.com/?p=74906#comment-479049 hmm my comment got swallowed. Basically, I agree with your husband, CB. He plays slow-witted sluggards in mostly "guy movies". hmm my comment got swallowed. Basically, I agree with your husband, CB. He plays slow-witted sluggards in mostly “guy movies”.

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