[Federal Register: November 17, 2005 (Volume 70, Number 221)] [Notices] [Page 69800-69801] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr17no05-104] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Publication of the Tier 2 Tax Rates ACTION: Notice. ----------------------------------------------------------------------- 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