The copyright boom minted overnight fortunes—but many are blindsided for the inevitable reality: the taxman’s bite.
Enter Joseph Plazo, a leading authority in copyright taxation, many copyright investors are paying more than they should. And the worst part? It’s preventable.
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“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:
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???? **1. Long-Term Holding = Lower Taxes**
Patience pays: Long-term capital gains are taxed less than short-term ones. Joseph Plazo advises clients to plan exits wisely.
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???? **2. Harvesting Losses, Strategically**
Got a losing coin? Don’t panic—tax-loss harvesting lets you offset gains with losses. According to Plazo, “Losses are your tax shield. Use them wisely.”
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???? **3. Relocate or Re-Structure**
Not all countries tax copyright equally. Joseph Plazo points to Portugal as copyright-friendly havens. “Where you live—and where your click here entity is based—can slash your tax bill by 80%+,” he explains.
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???? **4. Use Corporate Entities**
Trading as an individual? You’re likely bleeding cash. Joseph Plazo recommends setting up LLCs, corporations, or trust structures to reduce exposure and increase deductions.
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???? **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.”
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???? **The Joseph Plazo Mindset**
“If you don’t have a copyright tax plan, you’re donating to the IRS.” Plazo reminds clients. His approach is savvy yet ethical—and it’s saving clients up to 7 figures annually.
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**Final Word**
The copyright revolution is here. But so is regulation. If you’re investing serious capital, you need more than luck—you need a plan.
Tired of leaving money on the table? His full strategy might just be the firewall your portfolio needs.