But Nicolas Cage doesn't appear to be letting that worry him as he spends more cash on a holiday with his loved ones this week.
The actor has been holidaying with his wife and son in Italy.
Spare cash then? Nicolas Cage, who is renowned
for his financial woes, has been holidaying in Italy this week with his
wife Alice Kim and son Kal-El
Cage, 48, was seen smiling as he put his arm tenderly on six-year-old Kal-El's shoulder as they got ready to leave the pool area.
His wife, Alice Kim, had obviously been enjoying her afternoon spending quality time with her family as she lay on a sun bed in a purple string bikini.
Family day out: The Hollywood star enjoyed some
quality time with his family as he held his son's hand and walked
through the sunny streets next to his wife
Relaxed: The Hollywood star owed $13 million in
taxes but has started to pay the large sum off after selling off many of
his estates
Time out: But despite his money issues Nicolas
Cage is ensuring he still lives a nice lifestyle with his family as they
soak up the sun in the Amalfi region
Special treatment: Nicolas seemed to be enjoying a luxurious trip as a chauffeur waited to escort them home
Nicolas went for smart casual in jeans and trainers with a T-shirt and a dapper summery suit jacket.
They dried off then left the public area together.
While the Sixty Seconds star seems relaxed now lapping up a luxury break away in Europe, he's been battling with his financial struggles recently.
What worries? The actor managed to clear a large
sum of his debt off earlier this year and maintained he was left in
'financial ruin' by his business manager
Change of scenery: Nicolas Cage is obviously
used to living the high life and is ensuring they enjoy a family break
away this week
Just browsing? Cage took some time out to look at some goods in a nearby shop during his lavish holiday
The actor owed around $13million in federal income-based payments but he recently gave $6,257,005 to the government, according to official documents obtained by TMZ, which show a receipt signed in Oakland, California on February 15.
The amount filed at the local Country Recorder will go towards the tax period ending in 2007 while there is still 2002, 2003 and 2004 to pay for.
Fatherly love: He spent quality time with his six-year-old son as they wrapped up their day at the pool at Hotel St. Catherine
Putting it behind him: His business manager Sam
Levin has blamed Nicolas' financial woes on his over spending but he
rubbished the claims
Cage has blamed his former business manager for driving him to what he called ‘financial ruin’.
Nicolas was forced to sell off many of his assets, including properties in California, Las Vegas and New Orleans as well as a Barvarian castle, yachts and a 67-million-year-old dinosaur skull worth $276,000 to help him get out of his financial downfall.
Bonding: He had obviously purchased something as he held a shopping bag while his son still clutched on to him
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