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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 24. Colorado Income and Tax Data by Size of Colorado Taxable Income in $10,000 Increments
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This table shows aggregate income and tax data for full-year residents by Colorado taxable income 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 Colorado Taxable Income Number
of Returns 		Colorado
Taxable Income ¹ 		Colorado
Gross Tax ² 		Colorado
Net Tax
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Negative Income497,246($8,721,310,385)$0 $508,397
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$0 under $10K331,385$1,482,512,616 $67,447,141 $66,593,959
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$10K under $20K291,777$4,368,652,026 $198,764,174 $196,893,719
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$20K under $30K264,123$6,563,411,683 $298,627,384 $296,105,800
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$30K under $40K216,034$7,521,712,451 $342,230,811 $339,281,556
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$40K under $50K169,341$7,583,832,059 $345,060,111 $341,700,418
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$50K under $60K133,329$7,306,530,414 $332,447,012 $329,019,659
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$60K under $70K106,420$6,897,295,122 $313,826,987 $310,341,061
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$70K under $80K87,459$6,543,989,682 $297,751,456 $294,197,292
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$80K under $90K71,881$6,099,390,828 $277,522,375 $274,179,420
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$90K under $100K59,827$5,674,989,536 $258,212,053 $254,956,116
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$100K under $110K50,369$5,281,747,491 $240,319,663 $237,141,035
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$110K under $120K42,402$4,869,693,675 $221,571,081 $218,391,434
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$120K under $130K35,804$4,470,366,526 $203,401,675 $200,554,507
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$130K under $140K30,697$4,139,849,690 $188,363,149 $185,458,574
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$140K under $150K26,026$3,769,929,607 $171,531,817 $168,652,264
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$150K under $160K22,420$3,472,300,484 $157,989,706 $155,110,137
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$160K under $170K19,067$3,143,647,108 $143,036,016 $140,400,343
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$170K under $180K16,144$2,823,674,653 $128,477,242 $126,018,235
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$180K under $190K14,259$2,636,506,596 $119,961,056 $117,454,815
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$190K under $200K12,424$2,421,199,746 $110,164,579 $107,642,207
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$200K under $210K11,102$2,275,160,666 $103,519,806 $101,102,525
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$210K under $220K9,700$2,084,525,183 $94,845,848 $92,766,588
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$220K under $230K8,461$1,902,650,240 $86,570,616 $84,381,818
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$230K under $240K7,698$1,808,275,433 $82,276,538 $80,138,734
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$240K under $250K6,874$1,683,219,343 $76,586,486 $74,552,487
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$250K under $260K6,064$1,545,855,043 $70,336,376 $68,525,953
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$260K under $270K5,553$1,470,818,048 $66,922,238 $64,999,663
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$270K under $280K5,031$1,383,161,695 $62,933,818 $61,198,457
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$280K under $290K4,445$1,266,515,506 $57,626,498 $55,851,231
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$290K under $300K4,231$1,247,805,035 $56,775,135 $55,104,272
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$300K under $310K3,782$1,153,081,273 $52,465,160 $50,878,522
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$310K under $320K3,407$1,072,867,521 $48,815,469 $47,198,502
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$320K under $330K3,174$1,031,084,374 $46,914,319 $45,113,019
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$330K under $340K2,771$927,844,427 $42,216,928 $40,827,884
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$340K under $350K2,694$929,399,099 $42,287,651 $40,728,184
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$350K under $360K2,334$828,659,314 $37,704,015 $36,130,663
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$360K under $370K2,210$806,561,873 $36,698,575 $35,252,032
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$370K under $380K2,127$797,488,613 $36,285,722 $34,781,840
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$380K under $390K1,922$739,763,429 $33,659,247 $32,304,401
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$390K under $400K1,826$721,076,650 $32,808,975 $31,529,915
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$400K under $410K1,721$696,978,288 $31,712,496 $30,467,066
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$410K under $420K1,495$620,196,825 $28,218,946 $27,066,771
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$420K under $430K1,485$631,173,177 $28,718,355 $27,440,041
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$430K under $440K1,471$639,608,581 $29,102,197 $27,542,486
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$440K under $450K1,291$574,439,729 $26,137,010 $24,890,258
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$450K under $460K1,229$559,005,769 $25,434,769 $24,268,593
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$460K under $470K1,179$548,019,339 $24,934,879 $23,934,487
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$470K under $480K1,099$521,976,147 $23,749,911 $22,660,546
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$480K under $490K1,055$511,706,881 $23,282,645 $22,117,610
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$490K under $500K980$485,218,265 $22,077,426 $21,034,644
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$500K and over29,172$42,871,933,717 $1,950,672,944 $1,764,272,965
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Total2,636,017$162,685,991,091 $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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Date extracted: August 25, 2022
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Publish date: September 2024
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