[Federal Register Volume 72, Number 234 (Thursday, December 6, 2007)]
[Notices]
[Page 68956]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 07-5955]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of the Tier 2 Tax Rates

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice.

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SUMMARY: Publication of the tier 2 tax rates for calendar year 2008 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 2008 apply to 
compensation paid in calendar year 2008.

FOR FURTHER INFORMATION CONTACT: David G. Mills, 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 2008 under section 
3201(b) on employees is 3.9 percent of compensation. The tier 2 tax 
rate for 2008 under section 3221(b) on employers is 12.1 percent of 
compensation. The tier 2 tax rate for 2008 under section 3211(b) on 
employee representatives is 12.1 percent of compensation.

    Dated: November 3, 2007.
Nancy Marks,
Division Counsel/Associate Chief Counsel (Tax Exempt and Government 
Entities).
[FR Doc. 07-5955 Filed 12-3-07; 2:29 pm]
BILLING CODE 4830-01-P