Internal Revenue Service (IRS), Treasury.
Publication of the tier 2 tax rates for calendar year 2014 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.
The tier 2 tax rates for calendar year 2014 apply to compensation paid in calendar year 2014.
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FOR FURTHER INFORMATION CONTACT:
Kathleen Edmondson, CC:TEGE:EOEG:ET1, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, Telephone Number (202) 317-6798 (not a toll-free number).
TIER 2 TAX RATES: The tier 2 tax rate for 2014 under section 3201(b) on employees is 4.4 percent of compensation. The tier 2 tax rate for 2014 under section 3221(b) on employers is 12.6 percent of compensation. The tier 2 tax rate for 2014 under section 3211(b) on employee representatives is 12.6 percent of compensation.
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Dated: November 21, 2013.
Victoria A. Judson,
Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities).
[FR Doc. 2013-28532 Filed 11-26-13; 8:45 am]
BILLING CODE 4830-01-P