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Colorado Department of Revenue
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2018 Individual Statistics of Income
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Table 8. Income and Tax Data for Filers 65 and Older by Size of Federal AGI 1
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This table summarizes aggregate income and tax data for full-year resident returns where the primary filer (and/or spouse if filing jointly) was 65 years or older during calendar year 2018. For filers under 65 years old, please see Table 7.
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I. Number of Returns, Income, and Tax Data
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Size of Federal AGI Number of Returns Federal AGI Federal
Taxable
Income 		Colorado Gross Tax Colorado Net Tax Federal Tax
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Negative Income9,341($1,409,658,400)$0 $109,546 $472,644 $4,639,381
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$ 0 to $ 9,99936,677$175,568,503 $395,526 $230,887 $219,848 $4,288,072
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$ 10,000 to $ 19,99942,950$637,345,323 $50,482,813 $745,716 $732,910 $11,444,936
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$ 20,000 to $ 29,99935,876$893,643,057 $234,018,972 $2,704,517 $2,662,941 $27,535,621
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$ 30,000 to $ 39,99931,159$1,086,642,625 $464,488,247 $5,307,569 $5,221,974 $50,471,294
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$ 40,000 to $ 49,99928,879$1,297,549,958 $711,808,405 $10,603,477 $10,345,309 $76,451,821
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$ 50,000 to $ 59,99928,598$1,572,577,235 $972,847,720 $18,029,051 $17,602,988 $108,815,538
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$ 60,000 to $ 74,99940,320$2,715,476,903 $1,821,324,084 $39,161,619 $38,316,258 $224,865,472
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$ 75,000 to $ 99,99954,424$4,730,191,028 $3,391,292,498 $85,736,149 $83,541,674 $428,871,724
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$ 100,000 to $ 199,99987,848$11,952,421,283 $9,435,320,091 $308,539,002 $299,070,633 $1,383,516,189
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$ 200,000 to $ 499,99928,853$8,262,174,678 $7,103,594,898 $288,000,881 $272,095,538 $1,338,818,462
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$ 500,000 to $ 999,9994,562$3,080,607,193 $2,742,069,226 $121,306,856 $110,040,438 $665,154,625
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$ 1,000,000 and over2,550$8,566,066,531 $7,341,316,989 $327,991,808 $287,920,454 $2,022,091,220
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Total432,037$43,560,605,917 $34,268,959,469 $1,208,467,078 $1,128,243,609 $6,346,964,355
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II. Average Dollar Amounts per Return
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Size of Federal AGI Federal AGI Federal Taxable Income Colorado Gross Tax Colorado Net Tax Federal Tax
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Negative Income($150,911)$0 $12 $51 $497
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$ 0 to $ 9,999$4,787 $11 $6 $6 $117
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$ 10,000 to $ 19,999$14,839 $1,175 $17 $17 $266
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$ 20,000 to $ 29,999$24,909 $6,523 $75 $74 $768
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$ 30,000 to $ 39,999$34,874 $14,907 $170 $168 $1,620
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$ 40,000 to $ 49,999$44,931 $24,648 $367 $358 $2,647
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$ 50,000 to $ 59,999$54,989 $34,018 $630 $616 $3,805
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$ 60,000 to $ 74,999$67,348 $45,172 $971 $950 $5,577
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$ 75,000 to $ 99,999$86,914 $62,312 $1,575 $1,535 $7,880
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$ 100,000 to $ 199,999$136,058 $107,405 $3,512 $3,404 $15,749
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$ 200,000 to $ 499,999$286,354 $246,200 $9,982 $9,430 $46,401
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$ 500,000 to $ 999,999$675,276 $601,067 $26,591 $24,121 $145,803
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$ 1,000,000 and over$3,359,242 $2,878,948 $128,624 $112,910 $792,977
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Average$100,826 $79,320 $2,797 $2,611 $14,691
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Source: Federal and Colorado individual income tax returns (full-year residents only)
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1 Returns without birth dates listed on the federal return are excluded from this table.
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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 20, 2020
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Publish date: November 2021
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