The copyright boom minted overnight fortunes—but many are blindsided for the looming 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? They don’t have to.
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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 legally minimizing your copyright tax bill:
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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 says this separates impulsive traders from wealth builders.
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???? **2. Harvesting Losses, Strategically**
Still holding onto those 90% drawdowns? Don’t panic—strategic selling lets you balance your tax liability. According to Plazo, “Even red portfolios have gold in them—if you know tax read more law.”
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???? **3. Relocate or Re-Structure**
copyright tax rates can vary wildly by jurisdiction. 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 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 your best investment yet.