ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
2022 Corporate Statistics of Income
Table 1. All Corporations: Income and Tax Data by Size of Colorado Taxable Income
2
This table shows aggregate income and tax data for all C corporations by Colorado taxable income group. This includes corporations that conduct business only in Colorado and corporations that conduct business within and outside of Colorado.
3
Intentionally left blank
4
Part 1: Counts and Aggregate Dollar Amounts
5
Size of Colorado
Taxable Income ¹		 Number
of Returns 		Number of
Taxpayers ² 		Federal
Taxable Income ³		 Colorado
Taxable Income ¹ 		Colorado
Gross Tax ⁴ 		Colorado
Net Tax
6
Negative Income26,29526,225($211,505,512,781)($10,477,561,172)$0 $0
7
$0 under $10K24,22124,128$177,475,448,087 $22,302,915 $975,242 $964,212
8
$10K under $20K2,0222,021$4,463,119,615 $29,352,888 $1,283,130 $1,266,239
9
$20K under $30K1,1711,171$5,500,017,980 $28,838,480 $1,261,120 $1,249,031
10
$30K under $40K883883$3,591,361,548 $30,581,153 $1,344,051 $1,316,529
11
$40K under $50K627627$4,068,919,224 $28,000,552 $1,228,482 $1,214,199
12
$50K under $60K548547$3,291,393,224 $30,060,494 $1,307,486 $1,275,644
13
$60K under $75K648648$5,223,469,206 $43,402,082 $1,899,045 $1,872,427
14
$75K under $100K809809$4,674,212,996 $70,066,905 $3,072,877 $3,012,269
15
$100K under $200K1,8531,852$23,163,227,477 $262,989,844 $11,567,654 $11,366,284
16
$200K under $500K1,9421,942$56,273,671,813 $621,707,786 $27,355,153 $27,056,928
17
$500K under $1M1,0951,093$58,349,011,069 $777,370,328 $34,204,296 $33,631,281
18
$1M and over2,2342,230$1,741,299,856,121 $28,204,433,830 $1,240,995,087 $1,184,046,967
19
Total64,34864,078$1,875,868,195,579 $19,671,546,085 $1,326,493,623 $1,268,272,010
20
Intentionally left blank
21
Part 2: Counts and Average Dollar Amounts per Return
22
Size of Colorado
Taxable Income ¹		 Number
of Returns 		Number of
Taxpayers ² 		Federal
Taxable Income ³		 Colorado
Taxable Income ¹ 		Colorado
Gross Tax ⁴ 		Colorado
Net Tax
23
Negative Income26,29526,225($8,043,564)($398,462)$0 $0
24
$0 under $10K24,22124,128$7,327,338 $921 $40 $40
25
$10K under $20K2,0222,021$2,207,280 $14,517 $635 $626
26
$20K under $30K1,1711,171$4,696,856 $24,627 $1,077 $1,067
27
$30K under $40K883883$4,067,227 $34,633 $1,522 $1,491
28
$40K under $50K627627$6,489,504 $44,658 $1,959 $1,937
29
$50K under $60K548547$6,006,192 $54,855 $2,386 $2,328
30
$60K under $75K648648$8,060,909 $66,979 $2,931 $2,890
31
$75K under $100K809809$5,777,766 $86,609 $3,798 $3,723
32
$100K under $200K1,8531,852$12,500,393 $141,927 $6,243 $6,134
33
$200K under $500K1,9421,942$28,977,174 $320,138 $14,086 $13,933
34
$500K under $1M1,0951,093$53,286,768 $709,927 $31,237 $30,714
35
$1M and over2,2342,230$779,453,830 $12,625,082 $555,504 $530,012
36
Average64,34864,078$29,151,927 $305,706 $20,614 $19,710
37
Intentionally left blank
38
Source: Colorado C corporation income tax returns
39
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.
40
² Occasionally, the number of taxpayers is smaller than the number of returns due to Corporate taxpayers filing multiple returns for a given tax year when they change their accounting period. One taxpayer can appear in more than one Size of Colorado Taxable Income group. Because taxpayers may appear in multiple income groups, the sum of Number of Taxpayers values will exceed the total Number of Taxpayers presented because the total shows the distinct Number of Taxpayers for the state.
41
³ Federal taxable income (FTI) includes income from outside of Colorado because this table includes corporations that conduct business within and outside of Colorado. The FTI reported on Colorado returns can be positive, zero, or negative. The FTI is negative when the taxpayer reports losses and/or deductions greater than their income. When the FTI data is aggregated by size of Colorado Taxable Income, the values include positive and negative numbers.
42
⁴ 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.
43
Prepared by: Office of Research and Analysis, Taxation Division, Colorado Department of Revenue | dor_ora@state.co.us
44
Data extracted: August 22, 2024
45
Publish date: April 2025
46
End of worksheet
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100