23 Mar Dean Cain: Taxes are the Man of Steel’s Kryptonite
Born Dean George Tanaka, Dean Cain was a professional football player before becoming an actor, producer, and presenter. Cain attended Princeton University, where he starred on the football team, setting a season record during the 1987 season. Beyond being a football star during his university days, Cain also dated famous actress Brooke Shields. After graduating from Princeton, Cain signed with the NFL’s Buffalo Bills. But his football career came to an end after a knee injury during training camp.
Accepting that professional sports were no longer an option, Cain turned to acting and appeared in popular shows at the time. In 1993, Cain would take on the role he would become most famous for – Superman. Cain’s popularity soared as Clark Kent/Superman in the TV series Lois & Clark: The New Adventures of Superman. When the series ended in 1997 after four seasons, Cain started his own production company, producing Ripley’s Believe It or Not! series, which he hosted.
Over the next decade, Cain enjoyed moderate success, starring in several films, including recurring roles in television series. He also participated in reality competition series and reality shows. The world couldn’t forget Cain as Superman, which continued to pull him into DC Comics-related roles – including playing Supergirl’s foster father and a guest appearance on Smallville, a new Superman franchise.
Believe It or Not!
In 2013, the world celebrated 75 years of Superman. Kevin Smith invited Cain to his show Comic Book Men to celebrate Superman’s 75th birthday. Kevin Smith credits Cain with revitalizing the Superman character. Ironically, that year, Cain wouldn’t just make headlines for the role he’s played in pop culture of making people fall in love with Superman again. Cain would also make the news after it was revealed that he’d been hit with two tax liens. The tax years in question covered 2011 and 2012, during which the actor’s unpaid taxes and associated charges totaled $193.719. The tax liens that Cain was hit with came from both the IRS and California state tax collectors.
Based on the timeline of Cain’s career, 2011 and 2012 would have been relatively low points – nowhere near his success as Superman. He starred in a few little-known films and had guest roles in television series. In 2012, he participated in the season finale of The Choice, a celebrity dating game.
Since then, Dean Cain has bounced back, continuing his life in film and television. There was no more news reported on his troubles with the IRS; presumably, the actor quietly and immediately settled his tax liabilities. In an interview, Cain spoke about Hollywood and his relationships, saying, “at the end of the day, you’re just a regular person like everyone else.” Cain continues to explain why he was happy to play Superman, “He is my favorite superhero because he stands for truth, justice and the American way.”
In this light, Cain’s tax troubles remind us that “regular people” and those who play superheroes can’t escape taxes. And that the IRS also stands for the American way – especially when it comes to bringing tax evaders to justice.
As a “regular” taxpayer, your tax liabilities may not be as hefty as Dean Cain’s. Still, you may find yourself struggling with meeting your tax obligations and worried you’ll be slapped with liens any day now.
The tax professionals at Golden Tax Relief have decades of experience in tax relief and tax planning. If you recognize the signs in yourself or your business that it’s time for expert tax strategies to minimize your tax liabilities, click here for a consultation or call 844 229 8936.