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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 23K. Income and Tax Data for Weld County by Size of Federal AGI ¹
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This table shows aggregate income and tax data for full-year residents by major Colorado county (i.e., most populated counties) and AGI group. Mailing addresses are used to categorize returns into a Colorado county. See Table 22 for data on all counties.
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I. Number of Returns and Aggregate Dollar Amounts
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Size of Federal AGI Number
of Returns 		Federal AGI Federal
Taxable Income 		Colorado
Taxable Income ² 		Federal Tax Colorado
Gross Tax ³ 		Colorado
Net Tax
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Negative Income 1,756 ($248,806,754)$0 ($241,965,171)$778,685 $81,787 $66,502
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$0 under $10K 15,676 $73,443,081 $673,848 ($107,612,227)$1,373,946 $169,684 $168,534
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$10K under $20K 14,764 $219,212,599 $28,603,517 ($9,373,123)$5,685,323 $1,593,917 $1,588,667
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$20K under $30K 13,902 $347,562,311 $131,858,048 $105,084,078 $13,830,217 $5,968,542 $5,941,577
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$30K under $40K 14,025 $491,147,110 $259,429,790 $229,213,994 $24,716,906 $11,257,972 $11,216,322
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$40K under $50K 12,687 $568,822,961 $350,106,963 $319,333,799 $33,028,059 $14,928,955 $14,879,354
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$50K under $60K 10,285 $563,698,581 $374,279,398 $339,258,943 $37,276,341 $15,674,842 $15,609,791
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$60K under $75K 12,298 $826,391,554 $574,594,350 $519,653,250 $62,331,931 $23,878,918 $23,720,033
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$75K under $100K 15,209 $1,319,858,827 $967,391,051 $883,886,487 $107,303,113 $40,288,355 $39,992,386
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$100K under $200K 24,391 $3,311,209,379 $2,656,331,287 $2,505,689,448 $364,451,874 $114,130,223 $113,062,954
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$200K under $500K 6,917 $1,944,340,697 $1,688,500,428 $1,646,294,541 $325,588,915 $74,911,368 $73,351,275
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$500K under $1M 820 $545,147,158 $486,771,011 $478,544,343 $126,961,244 $21,794,701 $20,752,698
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$1M and over 296 $891,653,050 $804,739,094 $806,349,438 $229,625,382 $36,694,645 $33,755,872
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Total 143,026 $10,853,680,554 $8,323,278,785 $7,474,357,800 $1,332,951,936 $361,373,909 $354,105,965
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II. Number of Returns and Average Dollar Amounts per Return
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Size of Federal AGI Number
of Returns 		Federal AGI Federal
Taxable Income 		Colorado
Taxable Income ² 		Federal Tax Colorado
Gross Tax ³ 		Colorado
Net Tax
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Negative Income 1,756 ($141,689)$0 ($137,793)$443 $47 $38
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$0 under $10K 15,676 $4,685 $43 ($6,865)$88 $11 $11
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$10K under $20K 14,764 $14,848 $1,937 ($635)$385 $108 $108
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$20K under $30K 13,902 $25,001 $9,485 $7,559 $995 $429 $427
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$30K under $40K 14,025 $35,019 $18,498 $16,343 $1,762 $803 $800
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$40K under $50K 12,687 $44,835 $27,596 $25,170 $2,603 $1,177 $1,173
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$50K under $60K 10,285 $54,808 $36,391 $32,986 $3,624 $1,524 $1,518
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$60K under $75K 12,298 $67,197 $46,723 $42,255 $5,068 $1,942 $1,929
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$75K under $100K 15,209 $86,781 $63,606 $58,116 $7,055 $2,649 $2,630
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$100K under $200K 24,391 $135,755 $108,906 $102,730 $14,942 $4,679 $4,635
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$200K under $500K 6,917 $281,096 $244,109 $238,007 $47,071 $10,830 $10,604
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$500K under $1M 820 $664,814 $593,623 $583,591 $154,831 $26,579 $25,308
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$1M and over 296 $3,012,341 $2,718,713 $2,724,154 $775,761 $123,968 $114,040
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Average 143,026 $75,886 $58,194 $52,259 $9,320 $2,527 $2,476
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Source: Federal and Colorado individual income tax returns (full-year residents only)
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NR - Not releasable due to confidentiality requirements. Total includes NR data.
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¹ Returns with a mailing address that do not match a Colorado county are excluded from this table.
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² The Colorado Taxable Income (CTI) reported on Colorado returns can be positive, zero, or negative. The CTI is negative when the taxpayer reports losses and/or subtractions greater than their income and additions. Negative values do not reduce their tax liability to be less than $0.
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³ Colorado Gross Tax is determined based on Colorado Taxable Income greater than zero. To calculate positive Colorado Taxable Income, divide the Colorado Gross Tax by the income tax rate.
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Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
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Data extracted: August 25, 2022
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Publish date: September 2024
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