ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Colorado Department of Revenue
2
2020 Individual Statistics of Income
3
Table 21B. Income and Tax Data for Eastern Plains Region by Size of Federal AGI ¹
4
5
This table shows aggregate income and tax data for full-year residents by Colorado region and AGI group. A region is a group of one or more counties defined by the Colorado Department of Local Affairs. Mailing addresses are used to categorize returns into a Colorado region. The Eastern Plains Region includes: Baca, Bent, Cheyenne, Crowley, Elbert, Kiowa, Kit Carson, Lincoln, Logan, Morgan, Otero, Phillips, Prowers, Sedgwick, Washington, and Yuma counties.
6
7
I. Number of Returns and Aggregate Dollar Amounts
8
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
9
Negative Income 1,675 ($185,786,388)$0 ($190,058,592)$1,137,534 $9,618 $12,410
10
$0 under $10K 8,209 $35,971,773 $313,360 ($65,355,576)$851,427 $51,852 $50,968
11
$10K under $20K 7,259 $107,504,139 $12,135,674 ($15,877,939)$2,917,779 $596,485 $585,434
12
$20K under $30K 7,311 $183,103,834 $63,261,820 $42,716,514 $6,960,694 $2,675,360 $2,625,843
13
$30K under $40K 6,785 $235,682,067 $117,084,642 $92,305,686 $11,171,667 $4,811,634 $4,715,706
14
$40K under $50K 5,483 $245,604,862 $144,154,533 $118,270,533 $13,541,616 $5,774,451 $5,628,355
15
$50K under $60K 4,481 $245,715,287 $157,211,904 $125,294,874 $15,584,354 $6,246,575 $6,070,301
16
$60K under $75K 4,943 $331,124,755 $223,313,267 $188,064,569 $23,844,528 $8,646,138 $8,322,974
17
$75K under $100K 5,701 $494,040,414 $355,094,936 $304,904,045 $39,394,305 $13,975,656 $13,475,395
18
$100K under $200K 7,389 $984,753,001 $778,109,091 $705,447,535 $107,220,100 $32,126,327 $30,411,525
19
$200K under $500K 1,779 $498,541,731 $424,184,897 $404,254,748 $83,264,485 $18,393,990 $17,039,140
20
$500K under $1M 196 $131,206,609 $115,552,938 $112,267,916 $29,350,257 $5,108,184 $4,565,964
21
$1M and over 74 $161,094,444 $143,775,168 $142,496,543 $40,082,529 $6,483,594 $5,678,120
22
Total 61,285 $3,468,556,528 $2,534,192,230 $1,964,730,856 $375,321,275 $104,899,864 $99,182,135
23
24
II. Number of Returns and Average Dollar Amounts per Return
25
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
26
Negative Income 1,675 ($110,917)$0 ($113,468)$679 $6 $7
27
$0 under $10K 8,209 $4,382 $38 ($7,961)$104 $6 $6
28
$10K under $20K 7,259 $14,810 $1,672 ($2,187)$402 $82 $81
29
$20K under $30K 7,311 $25,045 $8,653 $5,843 $952 $366 $359
30
$30K under $40K 6,785 $34,736 $17,256 $13,604 $1,647 $709 $695
31
$40K under $50K 5,483 $44,794 $26,291 $21,570 $2,470 $1,053 $1,027
32
$50K under $60K 4,481 $54,835 $35,084 $27,961 $3,478 $1,394 $1,355
33
$60K under $75K 4,943 $66,989 $45,178 $38,047 $4,824 $1,749 $1,684
34
$75K under $100K 5,701 $86,659 $62,286 $53,483 $6,910 $2,451 $2,364
35
$100K under $200K 7,389 $133,273 $105,306 $95,473 $14,511 $4,348 $4,116
36
$200K under $500K 1,779 $280,237 $238,440 $227,237 $46,804 $10,340 $9,578
37
$500K under $1M 196 $669,421 $589,556 $572,795 $149,746 $26,062 $23,296
38
$1M and over 74 $2,176,952 $1,942,908 $1,925,629 $541,656 $87,616 $76,731
39
Average 61,285 $56,597 $41,351 $32,059 $6,124 $1,712 $1,618
40
41
Source: Federal and Colorado individual income tax returns (full-year residents only)
42
NR - Not releasable due to confidentiality requirements. Total includes NR data.
43
¹ Returns with a mailing address that do not match a Colorado region are excluded from this table.
44
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.
45
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.
46
47
Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
48
Data extracted: August 25, 2022
49
Publish date: September 2024
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