I apologize for not clarifying my response. I understood. But NO ONE, not even Obama can tell you how that will look.
The reason is, that:
1. He is not yet president, and the final form it will take, will actually be determined by Congress. He has to present the bill to Congres, if and when he will be elected President, and then it has to be approved, and then codified by the department of treasurey, and then the IRS will produce implementing rules and regulations.
I can say, that the IRS has a tentative scenario. From my work on the tax committee (see my profile), I happen to know the IRS produces such templates so they can be ready to make changes and implement as quickly as possible. BUT, these templates and scenarios are not public knowledge, and are not even known by me or my committee.
However, obamas' plan as currently presented has no cap, and no sliding scale. it is a flat 50% tax credit based on total employee premiums paid by the employer.
So for example: if you paid 125,000 in employee premiums, you can expect a 62,500 tax credit.
The reason for such a cap would be to make sure ALL employees get health care. To cap it or require a sliding scale would eliminate some, or make it unfair to some who would pay more than others.
In your scenario, yes, you could expect a 40,000 tax credit under what is proposed right now.
But as you know this could really be something less based on your total tax bill. Not to exceed, gross or net revenues for example.
We do not know at this point, if it will even have any carryover provisions.
What is proposed now, may in fact be very different than what is passed and approved by he congress when and if he gets into office.