Capital Gains Tax. Joel purchased 100 shares of stock for $17 per share. During the year, he received dividend checks amounting to $154. Joel recently sold the stock for $31 per share. Joel is in a 25% tax bracket. He would pay $350 in taxes if he held the stock for less than a year. How much would Joel save in taxes if he held the stock for more than a year, assuming he sold it for the same amount? If he held the stock for more than a year, the amount Joel would save in taxes is $ (Round to the nearest dollar.)