According to the reports of Hollywood.com, the 17 year old star is pulling in an impressive $7.5 million for his next movie, “Northern Lights,” where he’ll reportedly star alongside Tom Cruise.

The story of the movie tells the tale of “a gifted, young, aerobatics pilot who faces off with his controlling, billionaire father and falls in love with a gifted, female pilot.”

According to some sources, Taylor’s fellow teen actors have never come close to a payday as big as the actor’s.

Taylor who is reportedly doing movie with Tom Cruise, will also feature in the upcoming third and fourth installments of “The Twilight Saga” (as well as a rumored possible fifth film). Some rumors also say that Taylor is also going to be Paramount’s next big action hero in “Max Steel,” based on the successful international Mattel property.

Taylor’s fans who have seen him in only serious role, will get something sweet entertainment from the dashing actor with the romantic comedy, “Valentine’s Day,” which will be releasing on February 12.

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