Even by the shameless spending habits of Hollywood stars, Nicholas Cage crossed the line. The Oscar winner is in major financial problems, owing the IRS $6 million. He has blamed the bulk of his dilemma on the alleged inefficiencies of his business manager. However, in a scathing report on the Daily Beast site, reporter Jacob Bernstein unveils plenty of evidence that Cage is responsible for his own dilemma. Bernstein outlines a mind-bending history of personal excess on Cage's part, as evidenced by the kind of spending that made Michael Jackson look like a miser. Cage's child-like spending habits saw him by the world's most expensive sports cars on a whim, throw parties that would embarrass the emperor Nero for their tastelessness, and indulge himself in every luxury in the belief the good times would roll forever. Cage also gave generously to charities, even as his own clout at the box-office began to seriously wane. He is now desperately trying to sell off his assets for far less than he paid for them. Click here to read the eye-opening report.Â