The copyright boom minted overnight fortunes—but few are prepared for the looming reality: copyright tax.
That’s where Joseph Plazo comes in, a thought leader in digital asset law, many copyright investors are paying more than they should. And the worst part? There are legal ways to avoid it.
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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,” warns Joseph Plazo.
Here are the top techniques Joseph Plazo shares for playing smart when the taxman comes knocking:
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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 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 Puerto Rico as copyright-friendly havens. “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**
Trading as an individual? You’re likely bleeding cash. Joseph Plazo recommends setting up LLCs, corporations, or trust structures click here 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 using apps like Koinly or CoinTracker. “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,” Plazo reminds clients. His approach is bold but 100% legal—and it’s saving clients up to 7 figures annually.
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**Final Word**
copyright may be decentralized—but taxes aren’t. If you’re investing serious capital, you need more than luck—you need a plan.
Want to protect your copyright profits? The system he built might just be the firewall your portfolio needs.