[Federal Register Volume 69, Number 234 (Tuesday, December 7, 2004)]
[Notices]
[Page 70751]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-26839]



[[Page 70751]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of the Tier 2 Tax Rates

ACTION: Notice.

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SUMMARY: Publication of the tier 2 tax rates for calendar year 2005 as 
required by section 3241(d) of the Internal Revenue Code (26 U.S.C. 
3241). Tier 2 taxes on railroad employees, employers, and employee 
representatives (a group unique to the railroad industry) fund a 
private pension benefit of the railroad retirement system.

DATES: The tier 2 tax rates for calendar year 2005 apply to 
compensation paid in calendar year 2005.

FOR FURTHER INFORMATION CONTACT: Margaret A. Owens, CC:TEGE:EOEG:ET1, 
Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 
20224, Telephone Number (202) 622-6040 (not a toll-free number).
    Tier 2 Tax Rates: The tier 2 tax rate for 2005 under Sec.  3201(b) 
on employees is 4.4 percent of compensation. The tier 2 tax rate for 
2005 under Sec.  3221(b) on employers is 12.6 percent of compensation. 
The tier 2 tax rate for 2005 under Sec.  3211(b) on employee 
representatives is 12.6 percent of compensation.

    Dated: December 1, 2004.
Nancy Marks,
Division Counsel/Associate Chief Counsel (Tax Exempt and Government 
Entities).
[FR Doc. 04-26839 Filed 12-6-04; 8:45 am]
BILLING CODE 4830-01-P