Left Hand Valley Courier - All Local, All The Time

Proposition 116: State Income Tax Rate Reduction

 

October 28, 2020

Based on population (5.691 million) and income data from 2018, 96.74% of Coloradans had a taxable income of $150,000 or less per year. That means that only 3.26% of the state's population made $150,001 or more. Yet, all those people paid the same percentage in income tax: 4.63%.

This income tax largely goes towards the general fund, which supports K-12 education, public assistance, courts and...



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