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, a staggering percentage of copyright holders overpay the IRS. 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**
copyright tax rates can vary wildly by jurisdiction. Joseph Plazo points to the UAE as proactive zones for serious investors. “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**
Don’t trade like an amateur. Joseph Plazo recommends setting up a tax-optimized entity to access business tax benefits.
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???? **5. Document Everything**
Poor records are IRS bait. Plazo insists on having a tax journal for every move. “What you track, you can defend. And what you can defend, you can keep.”
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???? **The Joseph Plazo Mindset**
“Smart investors don’t evade taxes—they outthink them,” says Plazo. His approach website is bold 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.