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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 2. Income and Tax Data by Size of Federal AGI in $10,000 Increments
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This table shows aggregate income and tax data for full-year residents by AGI groups that are in $10,000 increments up to $500,000.
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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 ¹ 		Federal Tax Colorado
Gross Tax ² 		Colorado
Net Tax
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Negative Income35,624($5,431,712,857)$0 ($3,870,698,816)$17,039,800 $5,175,093 $8,465,914
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$0 under $10K299,656$1,381,464,230 $20,684,651 ($1,995,786,205)$30,263,713 $4,620,113 $4,608,126
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$10K under $20K275,762$4,106,818,417 $555,778,771 ($101,924,171)$116,132,089 $33,475,948 $33,277,275
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$20K under $30K271,682$6,803,699,985 $2,645,425,059 $2,157,944,354 $291,748,028 $120,928,535 $120,241,015
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$30K under $40K264,289$9,227,147,015 $4,999,192,903 $4,441,975,256 $504,141,528 $216,220,990 $215,165,043
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$40K under $50K224,653$10,070,188,213 $6,329,319,054 $5,664,783,055 $644,503,794 $266,301,819 $264,654,813
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$50K under $60K183,332$10,050,828,476 $6,818,495,852 $6,095,496,567 $724,096,067 $282,530,810 $280,453,305
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$60K under $70K149,986$9,723,497,494 $6,876,690,722 $6,129,969,554 $803,285,327 $281,693,665 $279,329,767
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$70K under $80K124,658$9,329,022,367 $6,793,215,986 $6,041,744,559 $828,308,235 $277,094,751 $274,429,746
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$80K under $90K104,766$8,889,483,072 $6,614,269,565 $5,907,000,329 $823,080,735 $270,018,737 $267,192,448
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$90K under $100K88,957$8,440,627,479 $6,395,424,623 $5,743,155,501 $798,850,643 $262,169,400 $259,043,328
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$100K under $110K77,812$8,160,206,801 $6,291,917,061 $5,667,383,766 $784,764,824 $258,342,762 $255,099,945
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$110K under $120K65,710$7,547,720,372 $5,917,840,331 $5,386,640,244 $771,997,886 $245,969,548 $242,944,508
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$120K under $130K55,955$6,986,403,122 $5,551,957,091 $5,107,016,050 $758,803,122 $232,947,891 $229,799,459
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$130K under $140K48,060$6,481,335,438 $5,213,413,898 $4,844,976,553 $743,752,738 $220,591,614 $217,715,126
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$140K under $150K41,067$5,950,901,100 $4,840,071,532 $4,516,032,151 $713,568,149 $205,612,309 $202,694,636
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$150K under $160K34,327$5,316,812,309 $4,370,995,799 $4,106,457,906 $666,929,467 $186,906,176 $184,144,038
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$160K under $170K30,350$5,004,361,276 $4,144,924,908 $3,898,013,875 $649,793,804 $177,438,631 $174,768,787
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$170K under $180K25,800$4,511,816,376 $3,764,552,707 $3,565,403,443 $605,251,983 $162,295,621 $159,795,652
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$180K under $190K22,578$4,173,690,427 $3,504,395,380 $3,336,031,058 $573,847,020 $151,842,020 $149,225,285
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$190K under $200K19,548$3,809,368,441 $3,216,050,971 $3,065,669,358 $536,481,112 $139,564,063 $136,862,710
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$200K under $210K16,746$3,432,151,449 $2,917,009,301 $2,792,869,616 $498,566,643 $127,128,629 $124,642,863
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$210K under $220K14,674$3,154,054,973 $2,690,168,857 $2,580,548,530 $468,041,670 $117,447,058 $114,946,707
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$220K under $230K12,855$2,891,145,929 $2,479,751,267 $2,384,497,658 $440,206,803 $108,504,276 $105,967,359
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$230K under $240K11,404$2,678,784,464 $2,300,082,321 $2,218,455,255 $413,477,183 $100,963,843 $98,726,342
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$240K under $250K10,066$2,465,225,519 $2,128,703,758 $2,054,269,844 $388,481,942 $93,498,987 $91,331,966
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$250K under $260K8,763$2,234,126,602 $1,933,594,316 $1,871,849,394 $358,907,268 $85,181,035 $83,106,049
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$260K under $270K8,131$2,153,939,475 $1,868,025,757 $1,813,932,032 $351,905,227 $82,552,923 $80,475,414
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$270K under $280K7,129$1,959,550,384 $1,707,735,678 $1,652,883,994 $326,336,825 $75,208,859 $73,307,878
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$280K under $290K6,423$1,830,052,559 $1,595,203,133 $1,548,734,744 $308,374,755 $70,478,410 $68,783,603
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$290K under $300K5,811$1,714,033,839 $1,496,921,162 $1,455,267,953 $293,332,727 $66,221,642 $64,467,339
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$300K under $310K5,255$1,601,990,973 $1,403,709,868 $1,361,845,729 $277,853,875 $62,076,484 $60,463,840
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$310K under $320K4,842$1,524,782,132 $1,340,046,748 $1,302,626,857 $267,290,698 $59,282,974 $57,605,286
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$320K under $330K4,484$1,456,910,083 $1,283,924,841 $1,250,917,976 $258,053,526 $56,919,662 $55,331,810
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$330K under $340K4,003$1,340,858,066 $1,183,978,768 $1,156,777,819 $239,456,100 $52,633,394 $50,987,672
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$340K under $350K3,738$1,289,505,805 $1,136,265,293 $1,106,881,104 $231,170,726 $50,367,380 $48,730,219
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$350K under $360K3,577$1,269,455,300 $1,120,799,065 $1,090,836,891 $229,428,624 $49,694,354 $48,026,663
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$360K under $370K3,150$1,149,765,564 $1,015,618,441 $990,088,955 $210,429,644 $45,102,817 $43,493,928
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$370K under $380K2,817$1,056,401,159 $935,580,661 $912,609,346 $195,535,424 $41,551,491 $40,145,050
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$380K under $390K2,664$1,025,640,207 $909,205,063 $886,815,063 $192,553,602 $40,363,411 $38,777,869
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$390K under $400K2,467$974,484,051 $866,699,517 $848,024,971 $184,668,041 $38,585,145 $37,044,535
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$400K under $410K2,361$955,775,195 $852,208,817 $831,776,448 $183,023,307 $37,845,818 $36,143,025
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$410K under $420K2,113$876,742,861 $784,133,397 $765,389,061 $170,617,142 $34,831,547 $33,561,876
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$420K under $430K2,104$894,024,366 $800,243,316 $782,277,394 $175,034,975 $35,679,599 $34,298,378
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$430K under $440K1,872$814,427,300 $730,521,571 $717,571,870 $162,621,539 $32,649,490 $31,263,512
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$440K under $450K1,711$761,407,105 $682,619,006 $669,195,610 $153,412,709 $30,453,155 $29,259,401
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$450K under $460K1,662$756,172,297 $679,888,908 $667,601,036 $154,512,450 $30,376,631 $29,001,999
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$460K under $470K1,507$700,741,655 $633,681,778 $623,024,243 $145,125,085 $28,348,839 $27,114,457
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$470K under $480K1,392$660,986,274 $596,186,712 $584,412,994 $138,626,340 $26,590,793 $25,301,813
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$480K under $490K1,379$668,756,260 $605,042,243 $595,547,062 $142,789,396 $27,098,398 $25,843,493
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$490K under $500K1,281$633,901,554 $572,775,073 $563,203,631 $134,508,475 $25,625,765 $24,400,937
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$500K and over35,064$50,214,677,234 $45,648,425,125 $44,897,973,624 $12,914,685,769 $2,063,993,181 $1,867,200,896
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Total2,636,017$225,674,150,187 $179,763,366,625 $162,685,991,091 $32,995,668,554 $7,798,996,486 $7,509,663,105
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Source: Federal and Colorado individual income tax returns (full-year residents only)
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¹ 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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² 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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