Some copyright investors are waking up to generational wealth—but few are prepared for the looming reality: capital gains tax on copyright.
According to legal expert Joseph Plazo, a seasoned lawyer and copyright tax strategist, a staggering percentage of copyright holders overpay the IRS. And the worst part? It’s preventable.
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“Tax law isn’t the enemy—it’s a toolkit. If you know where to look,” says Plazo.
Here are his top strategies for keeping more of your copyright profits:
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???? **1. Long-Term Holding = Lower Taxes**
Capital gains tax is significantly lower on assets held for over 12 months. Joseph Plazo calls this the “sleep-rich strategy”.
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???? **2. Harvesting Losses, Strategically**
Did your altcoin moon crash back to earth? Don’t panic—loss harvesting lets you reduce your taxable income. According to Plazo, “Even red portfolios have gold in them—if you know tax law.”
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???? **3. Relocate or Re-Structure**
Not all countries tax copyright equally. Joseph Plazo points to Portugal as legal tax shelters. “Where you live—and where your entity is based—can slash your tax bill by 80%+,” he explains.
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???? **4. Use Corporate Entities**
High-frequency traders need better armor than a personal wallet. Joseph Plazo recommends setting up a legal wrapper around your trading activity to access business tax benefits.
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???? **5. Document Everything**
Poor records are IRS bait. Plazo insists on meticulous logs of trades, wallet movements, and transfers. “What you track, you can defend. And what you can defend, you can keep.”
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???? **The Joseph Plazo Mindset**
“We’re not dodging taxes—we’re playing by the rules, better,” says Plazo. His approach is bold read more but 100% legal—and it’s saving clients millions annually.
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**Final Word**
copyright may be decentralized—but taxes aren’t. If you’re investing serious capital, you need a legal shield, not just a wallet.
Want to protect your copyright profits? Joseph Plazo’s copyright tax blueprint might just be how the smart money stays rich.