Wednesday, 26 March 2014

Top 2 known male Actors who went from rich to broke

1- Nicolas Cage

Nicolas Kim Coppola (born January 7, 1964), known professionally as Nicolas Cage, is an American actor, director, and producer. He has performed in leading roles in a variety of films, ranging from romantic comedies and dramas to science fiction and action films. Cage is known for his prolificacy, appearing in at least one film per year nearly every year since 1980, with the exception of 1985 and 1991.
At the peak of his career, Nick was one of the highest paid celebrities in the world who pulled down as much as $40 million per year. Between 1996 and 2011 Nick earned more than $150 million from acting alone. He earned $16 million for Snake Eyes, $20 million for Gone in Sixty Seconds, $20 million for Windtalkers, $20 million for National Treasure… just to name a few.

 

To make matters worse, while he was spending money like there was no tomorrow, Nick wasn't paying his taxes. By 2009, his unpaid tax bill and penalties totaled more than $13 million! Nick immediately began attempting to dump as many of his assets as possible, starting with the houses.

 2-Wesley Snipes

 

Wesley Trent Snipes (born July 31, 1962) is an American actor, film producer, and martial artist, who has starred in numerous films, including action thrillers and dramatic features. Snipes is known for playing the Marvel Comics character Blade in the Blade film trilogy, among various other high-profile roles. Snipes formed a production company, Amen-Ra Films, in 1991 and a subsidiary, Black Dot Media, to develop projects for film and television. Snipes has been training in martial arts since age 12, earning a 5th than black belt in Shotokan Karate and 2nd than black belt in Hapkido

 

Between December 2010 and April 2013, Wesley Snipes served 845 days in federal prison in McKean County, Pennsylvania, stemming from a tax evasion conviction. He served 90% of his three year sentence. Wesley's problems with the IRS date back to 2006 when he was charged with attempting to avoid paying taxes and filing $12 million worth of false returns dating all the way back to 1996. Between 1996 and 2004, Snipes earned $37.9 million from his acting career and apparently failed to pay any taxes during that entire time. Not only that, he also used forged documents to receive $12 million worth of refunds reflecting his income between 1996 and 1998. Wesley's defense was that he was misled by a group of accountants. In addition to his prison sentence, Wesley was required to pay $17 million in back taxes, interest and penalties to the IRS. A co-defendant was sentenced to 10 years in prison and another was sentenced to 4 years.

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