Paul and Mary are in he 37% tax bracket or ordinary income and the 20% bracket for capital gains gnore he 3 8% additional tax on n es ment income or higher-income taxpayers They have owned several blocks o stock r many years They are considering the sale of two blocks of stock. The sale of one block would produce a gain of $12,000. The sale of the other would produce a loss of $20,000. For purposes of this problem, ignore any restrictions on deductions or credits based on AGI. They have no other gains or losses this year Read the Requirement a. How much tax will they save if they sell the block of stock that produces a loss? Paul and Mary wil save requirements