[Federal Register Volume 70, Number 221 (Thursday, November 17, 2005)]
[Notices]
[Pages 69800-69801]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-6352]


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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 2006 as 
required by section 3241(d) of the Internal Revenue Code (26 U.S.C. 
section 3241). Tier 2 taxes on railroad employees, employers, and 
employee representatives are one source of funding for benefits under 
the Railroad Retirement Act.

DATES: The tier 2 tax rates for calendar year 2006 apply to 
compensation paid in calendar year 2006.

FOR FURTHER INFORMATION CONTACT: Ligeia M. Donis, CC:TEGE:EOEG:ET1, 
Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 
20224, Telephone Number (202) 622-0047 (not a toll-free number).
    TIER 2 TAX RATES: The tier 2 tax rate for 2006 under section 
3201(b) on employees is 4.4 percent of compensation. The tier 2 tax 
rate for 2006 under section 3221(b) on employers is 12.6 percent of 
compensation. The tier 2 tax rate for 2006 under section 3211(b) on 
employee representatives is 12.6 percent of compensation.


[[Page 69801]]


    Dated: November 4, 2005.
Nancy Marks,
Division Counsel/Associate Chief Counsel (Tax Exempt and Government 
Entities).
[FR Doc. E5-6352 Filed 11-16-05; 8:45 am]
BILLING CODE 4830-01-P