[Federal Register: December 6, 2007 (Volume 72, Number 234)] [Notices] [Page 68956] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr06de07-129] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Publication of the Tier 2 Tax Rates AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice. ----------------------------------------------------------------------- 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