Mr. Dunn, who has a 32 percent marginal rate on ordinary income and a 15 percent marginal rate on adjusted net capital gain, recognized a $15,000 capital loss in 2020. Compute the tax savings from this loss assuming that: Use Individual tax rate schedules. He also recognized an $18,000 short-term capital gain. He also recognized an $18,000 long-term capital gain. He also recognized an $18,000 28 percent rate gain. He recognized no capital gain in 2019 and doesn’t expect to recognize capital gain in 2020 through 2023. Mr. Dunn uses a 5 percent discount rate to compute NPV.