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Colorado Department of Revenue
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2018 Individual Statistics of Income
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Table 7. Income and Tax Data for Filers Under 65 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 spouse if filing jointly) was under 65 during calendar year 2018. For filers aged 65 and older, please see Table 8.
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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 Income16,167($2,078,083,963)$0 $351,260 $780,983 $11,203,050
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$ 0 to $ 9,999235,500$1,213,955,793 $23,822,184 $1,765,950 $1,756,102 $26,166,466
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$ 10,000 to $ 19,999241,280$3,597,534,313 $556,650,262 $25,365,592 $25,160,226 $119,023,472
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$ 20,000 to $ 29,999238,613$5,965,319,846 $2,479,253,171 $112,257,553 $111,645,698 $271,358,141
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$ 30,000 to $ 39,999220,181$7,672,673,940 $4,321,795,797 $195,465,807 $194,497,055 $433,465,765
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$ 40,000 to $ 49,999178,962$8,017,571,702 $5,161,928,769 $233,266,233 $231,991,513 $519,941,755
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$ 50,000 to $ 59,999140,638$7,706,224,326 $5,315,278,404 $240,013,361 $238,433,639 $568,281,432
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$ 60,000 to $ 74,999160,233$10,750,033,630 $7,750,465,638 $349,654,595 $347,010,808 $902,641,339
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$ 75,000 to $ 99,999185,953$16,105,825,267 $12,156,845,349 $548,927,761 $543,901,196 $1,470,880,450
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$ 100,000 to $ 199,999302,919$41,642,417,185 $33,793,295,730 $1,535,793,420 $1,514,963,137 $4,897,172,702
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$ 200,000 to $ 499,999108,898$31,113,017,504 $27,092,197,548 $1,239,613,304 $1,202,492,842 $5,353,780,511
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$ 500,000 to $ 999,99915,938$10,675,003,419 $9,639,524,016 $441,440,456 $412,972,124 $2,560,189,385
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$ 1,000,000 and over7,383$21,990,996,657 $19,841,054,308 $911,263,650 $813,495,503 $5,788,658,332
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Total2,052,665$164,372,489,619 $128,132,111,176 $5,835,178,942 $5,639,100,826 $22,922,762,800
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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($128,539)$0 $22 $48 $693
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$ 0 to $ 9,999$5,155 $101 $7 $7 $111
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$ 10,000 to $ 19,999$14,910 $2,307 $105 $104 $493
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$ 20,000 to $ 29,999$25,000 $10,390 $470 $468 $1,137
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$ 30,000 to $ 39,999$34,847 $19,628 $888 $883 $1,969
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$ 40,000 to $ 49,999$44,800 $28,844 $1,303 $1,296 $2,905
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$ 50,000 to $ 59,999$54,795 $37,794 $1,707 $1,695 $4,041
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$ 60,000 to $ 74,999$67,090 $48,370 $2,182 $2,166 $5,633
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$ 75,000 to $ 99,999$86,612 $65,376 $2,952 $2,925 $7,910
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$ 100,000 to $ 199,999$137,470 $111,559 $5,070 $5,001 $16,167
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$ 200,000 to $ 499,999$285,708 $248,785 $11,383 $11,042 $49,163
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$ 500,000 to $ 999,999$669,783 $604,814 $27,697 $25,911 $160,634
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$ 1,000,000 and over$2,978,599 $2,687,397 $123,427 $110,185 $784,052
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Average$80,078 $62,422 $2,843 $2,747 $11,167
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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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