81 FR 86071 - Publication of the Tier 2 Tax Rates

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 229 (November 29, 2016)

Publication of the tier 2 tax rates for calendar year 2017 as required by section 3241(d) of the Internal Revenue Code (26 U.S.C. 3241). Tier 2 taxes on railroad employees, employers, and employee representatives are one source of funding for benefits under the Railroad Retirement Act.

[Federal Register Volume 81, Number 229 (Tuesday, November 29, 2016)]
[Notices]
[Page 86071]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-28747]


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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 2017 as 
required by section 3241(d) of the Internal Revenue Code (26 U.S.C. 
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 2017 apply to 
compensation paid in calendar year 2017.

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 2017 under section 
3201(b) on employees is 4.9 percent of compensation. The tier 2 tax 
rate for 2017 under section 3221(b) on employers is 13.1 percent of 
compensation. The tier 2 tax rate for 2017 under section 3211(b) on 
employee representatives is 13.1 percent of compensation.

    Dated: November 22, 2016.
Victoria A. Judson,
Associate Chief Counsel (Tax Exempt and Government Entities).
[FR Doc. 2016-28747 Filed 11-28-16; 8:45 am]
 BILLING CODE 4830-01-P