AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice.
SUMMARY:
Publication of the tier 2 tax rates for calendar year 2012 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 2012 apply to compensation paid in calendar year 2012.
FOR FURTHER INFORMATION CONTACT:
Kathleen Edmondson, 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 2012 under section 3201(b) on employees is 3.9 percent of compensation. The tier 2 tax rate for 2012 under section 3221(b) on employers is 12.1 percent of compensation. The tier 2 tax rate for 2012 under section 3211(b) on employee representatives is 12.1 percent of compensation.
Dated: November 9, 2011.
Victoria A. Judson,
Division Counsel/Associate Chief Counsel, Tax Exempt and Government Entities.
[FR Doc. 2011-29789 Filed 11-17-11; 8:45 am]
BILLING CODE 4830-01-P