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Latest Celeb Money Meltdown: Nicolas Cage

Actor Nicolas Cage Owes More Than $6 Million to the IRS

Even an action star can't escape the tax man.

Photo: Nic Cage -- Debt Man Walkin'
Actor Nicolas Cage and Alice Kim Cage attend the "Bad Lieutenant" premiere after party at Ultra in... Expand
(George Pimentel/WireImage)
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Actor Nicolas Cage owes the IRS more than $6.6 million in income taxes, according to a federal tax lien notice obtained by TMZ.com. The notice, dated July 2, shows that Cage owes more than $70,190 on his 2002 taxes, $179,738 for 2003, $110,617 for 2004 and a whopping $6,257,005 for 2007.

Why Cage, the star of such blockbusters as 2007's "National Treasure: Book of Secrets," hasn't paid his tax debts is unclear. A spokeswoman for Cage declined to comment on the issue to ABCNews.com.

Cage is just one of a long list of celebrities with financial problems. Stars, including Lenny Dykstra, Victoria Gotti and Annie Leibovitz, have been hit by tough times and lack of opportunities. Some have had to put their multimillion-dollar homes on the market, declare bankruptcy or face foreclosure.

Below, ABCNews.com takes a look at eight stars who have found themselves strapped for cash.

Annie Leibovitz

She's photographed some of the world's most famous faces and is an icon herself, but Annie Leibovitz has struggled to stay out of debt -- so much so that it nearly cost the famed photographer a lifetime's past work.

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Last year, Leibovitz put up several homes as well as copyrights to all her photos to secure a $24 million loan with Art Capital Group. But last July, Art Capital sued Leibovitz, claiming she breached an agreement with the lender, the Associated Press reported.

Leibovitz's fortunes changed for the better last month, however. The two sides reached an agreement Sept. 11. Art Capital dropped the lawsuit, extending Leibovitz's loan and selling her back the rights to act as exclusive agent in the sale of her real estate and the copyrights to all of her present and future works.

Stephen Baldwin

Stephen Baldwin, the star of films including "Bio-Dome" and "The Usual Suspects," filed for Chapter 11 bankruptcy protection in New York in July.

The court documents show that the 43-year-old actor and his wife, Kennya, owed more than $2 million, Reuters reported.

The Baldwins owed a reported $1.2 million on two mortgages for their home in Rockland County, N.Y., valued at $1.1 million. Court filings also showed the actor owed $70,000 in credit card debt and more than $1 million in taxes.

The born-again Christian and brother of actor Alec Baldwin paid $515,000 for the home and 1.4-acre lot in 1997, according to the Associated Press. The star recently appeared on reality shows such as "The Celebrity Apprentice," and "I'm a Celebrity... Get Me Out of Here!" where he baptized Spencer Pratt.

After unsuccessfully trying to sell the house in 2006, Baldwin and his wife Kennya defaulted on over $824,000 in payments to their mortgage, according to the AP.

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