Prudential CA Realty, Laguna Beach
I wrote about it here: http://cgbarbeau.blogspot.com/2013/06/obamacare-tax.html/
This tax is being fought, but no idea if it will be changed. This is not tax advice. Others gave some great direction above.
If you take it out, you would have a $500,000 deduction, if you are married.
Don't rely on amateurs for Tax advice; at that level you should have a good tax person.
Once you have a total dollar amount that will be taxable, the rate will depend upon your individual tax bracket, as explained here:
I hope that helps. Bear in mind, this is the opinion of a lay person with regard to taxation. Your question will be BEST answered by a tax professional, not a Realtor.
OC HOMES REALTY