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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 23H. Income and Tax Data for Larimer 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 2,212 ($287,254,575)$0 ($273,788,714)$566,929 $60,440 $102,362
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$0 under $10K 18,465 $86,964,727 $1,234,624 ($120,217,409)$1,577,371 $267,745 $266,819
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$10K under $20K 16,440 $244,785,592 $35,077,254 ($8,694,584)$5,949,246 $2,006,114 $1,994,936
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$20K under $30K 16,234 $406,836,867 $165,872,805 $133,230,259 $17,647,108 $7,495,652 $7,456,880
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$30K under $40K 15,170 $529,651,302 $292,547,256 $255,403,313 $30,441,687 $12,445,548 $12,390,861
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$40K under $50K 12,557 $562,255,431 $353,826,380 $298,792,441 $36,589,038 $14,471,226 $14,399,218
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$50K under $60K 10,117 $554,382,057 $373,013,211 $319,922,185 $40,012,443 $14,889,702 $14,778,603
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$60K under $75K 11,977 $804,276,497 $564,883,782 $483,414,939 $66,178,698 $22,208,191 $22,042,117
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$75K under $100K 14,915 $1,296,537,556 $955,179,661 $823,108,206 $115,081,292 $37,583,765 $37,108,778
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$100K under $200K 26,330 $3,608,688,952 $2,893,226,501 $2,636,893,326 $408,490,604 $120,095,359 $118,222,304
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$200K under $500K 8,739 $2,496,633,567 $2,169,884,956 $2,087,570,195 $418,526,446 $94,990,004 $92,288,003
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$500K under $1M 1,301 $881,348,276 $795,503,622 $781,599,624 $205,777,582 $35,569,424 $33,650,338
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$1M and over 573 $1,469,910,646 $1,321,798,753 $1,327,935,423 $374,411,029 $60,421,065 $54,929,551
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Total 155,030 $12,655,016,895 $9,922,048,805 $8,745,169,204 $1,721,249,473 $422,504,235 $409,630,770
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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 2,212 ($129,862)$0 ($123,774)$256 $27 $46
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$0 under $10K 18,465 $4,710 $67 ($6,511)$85 $15 $14
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$10K under $20K 16,440 $14,890 $2,134 ($529)$362 $122 $121
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$20K under $30K 16,234 $25,061 $10,218 $8,207 $1,087 $462 $459
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$30K under $40K 15,170 $34,914 $19,285 $16,836 $2,007 $820 $817
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$40K under $50K 12,557 $44,776 $28,178 $23,795 $2,914 $1,152 $1,147
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$50K under $60K 10,117 $54,797 $36,870 $31,622 $3,955 $1,472 $1,461
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$60K under $75K 11,977 $67,152 $47,164 $40,362 $5,525 $1,854 $1,840
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$75K under $100K 14,915 $86,928 $64,042 $55,187 $7,716 $2,520 $2,488
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$100K under $200K 26,330 $137,056 $109,883 $100,148 $15,514 $4,561 $4,490
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$200K under $500K 8,739 $285,689 $248,299 $238,880 $47,892 $10,870 $10,560
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$500K under $1M 1,301 $677,439 $611,456 $600,768 $158,169 $27,340 $25,865
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$1M and over 573 $2,565,289 $2,306,804 $2,317,514 $653,422 $105,447 $95,863
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Average 155,030 $81,629 $64,001 $56,410 $11,103 $2,725 $2,642
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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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