copyright has made millionaires overnight—but many are blindsided 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? They don’t have to.
==
“People think the blockchain is invisible to tax authorities. It’s not. But that doesn’t mean you can’t minimize your burden legally,” says Plazo.
Here are his top strategies for keeping more of your copyright profits:
==
???? **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”.
==
???? **2. Harvesting Losses, Strategically**
Did your altcoin moon crash back to earth? Don’t panic—loss harvesting lets you reduce your check here taxable income. According to Plazo, “Even red portfolios have gold in them—if you know tax law.”
==
???? **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.
==
???? **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 reduce exposure and increase deductions.
==
???? **5. Document Everything**
copyright tax isn’t just about strategy—it’s about records. 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.”
==
???? **The Joseph Plazo Mindset**
“We’re not dodging taxes—we’re playing by the rules, better,” Plazo reminds clients. His approach is bold but 100% legal—and it’s saving clients up to 7 figures annually.
==
**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.