Rail Retirement payroll tax set for 2011
Railroad Retirement payroll taxes will remain at 2010 levels in 2011, reports the Railroad Retirement Board.
For Tier I, carriers and employees each will pay 6.20 percent on a maximum of $106,800 of wages.
For Medicare, carriers and employees each will pay 1.45 percent on all wages.
For Tier II, carriers will pay 12.10 percent and employees 3.9 percent on a maximum of $79,200 of wages.