Pat the Super wealthy business executive occasionally invested in stocks. He was in the HIGHEST tax bracket $(37\%)$ for individual taxpayers. Most of the time he kept his money in a local bank, earning interest $($he was very conservative$).$ In $2023$ he sold stock at a gain of $$6,000($he had held the stock for $4$ years$).$ He sold another stock he had held for $2$ years for a gain of $$2,000.$ And he sold one more stock at a loss of $$4,000($he had held this for $18$ months only$).$ As to these three transactions, what is the likely tax result?

Pat the Super wealthy business executive occasionally invested in stocks. He was in the HIGHEST tax bracket $(37\%)$ for individual taxpayers. Most of the time he kept his money in a local bank, earning interest $($he was very conservative$).$ In $2023$ he sold stock at a gain of $$6,000($he had held the stock for $4$ years$).$ He sold another stock he had held for $2$ years for a gain of $$2,000.$ And he sold one more stock at a loss of $$4,000($he had held this for $18$ months only$).$ As to these three transactions, what is the likely tax result?

$37\%$ tax on $$4,000$

$20\%$ tax on $$8,000$

$20\%$ tax on $$4,000$

$37\%$ tax on $$5,000$

$37\%$ tax on $$8,000$

$20\%$ tax on $$5,000$