ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Colorado Department of Revenue
2
2020 Corporate Statistics of Income
3
Table 1. All Corporations: Income and Tax Data by Size of Colorado Taxable Income
4
5
This table shows aggregate income and tax data for all C corporations by Colorado taxable income group. This includes corporations that conduct business only in Colorado and corporations that conduct business within and outside of Colorado.
6
7
I. Number of Returns and Aggregate Dollar Amounts
8
Size of Colorado Taxable Income ¹ Number of Returns Federal Taxable Income ² Colorado Taxable Income ¹ Colorado Gross Tax ³ Colorado Net Tax
9
Negative Income 25,266 ($376,817,761,048)($11,587,752,529)$0 $0
10
$ 0 to $ 9,999 20,546 $79,618,849,261 $17,112,777 $774,608 $765,437
11
$ 10,000 to $ 19,999 1,620 $1,906,491,929 $23,430,808 $1,060,847 $1,037,532
12
$ 20,000 to $ 29,999 979 $2,048,560,197 $24,269,650 $1,094,356 $1,079,990
13
$ 30,000 to $ 39,999 629 $2,078,055,723 $21,831,047 $986,580 $971,323
14
$ 40,000 to $ 49,999 505 $8,478,585,179 $22,575,384 $1,020,064 $1,007,232
15
$ 50,000 to $ 59,999 447 $1,859,044,567 $24,500,057 $1,108,258 $1,086,573
16
$ 60,000 to $ 74,999 489 $2,594,419,135 $32,989,684 $1,484,142 $1,455,137
17
$ 75,000 to $ 99,999 660 $4,414,636,157 $57,428,292 $2,588,293 $2,538,893
18
$ 100,000 to $ 199,999 1,459 $27,129,266,506 $207,430,534 $9,409,072 $9,265,812
19
$ 200,000 to $ 499,999 1,439 $29,397,156,724 $459,852,244 $20,922,040 $20,590,070
20
$ 500,000 to $ 999,999 793 $33,406,222,204 $552,516,482 $25,136,432 $24,766,433
21
$ 1,000,000 and over 1,633 $1,070,359,423,762 $16,367,530,980 $744,714,731 $698,239,550
22
Total 56,465 $886,472,950,296 $6,223,715,410 $810,299,423 $762,803,982
23
24
II. Number of Returns and Average Dollar Amounts per Return
25
Size of Colorado Taxable Income ¹ Number of Returns Federal Taxable Income ² Colorado Taxable Income ¹ Colorado Gross Tax ³ Colorado Net Tax
26
Negative Income 25,266 ($14,914,025)($458,630)$0 $0
27
$ 0 to $ 9,999 20,546 $3,875,151 $833 $38 $37
28
$ 10,000 to $ 19,999 1,620 $1,176,847 $14,463 $655 $640
29
$ 20,000 to $ 29,999 979 $2,092,503 $24,790 $1,118 $1,103
30
$ 30,000 to $ 39,999 629 $3,303,745 $34,708 $1,568 $1,544
31
$ 40,000 to $ 49,999 505 $16,789,278 $44,704 $2,020 $1,995
32
$ 50,000 to $ 59,999 447 $4,158,936 $54,810 $2,479 $2,431
33
$ 60,000 to $ 74,999 489 $5,305,561 $67,464 $3,035 $2,976
34
$ 75,000 to $ 99,999 660 $6,688,843 $87,013 $3,922 $3,847
35
$ 100,000 to $ 199,999 1,459 $18,594,425 $142,173 $6,449 $6,351
36
$ 200,000 to $ 499,999 1,439 $20,428,879 $319,564 $14,539 $14,309
37
$ 500,000 to $ 999,999 793 $42,126,384 $696,742 $31,698 $31,231
38
$ 1,000,000 and over 1,633 $655,455,863 $10,022,983 $456,041 $427,581
39
Average 56,465 $15,699,512 $110,223 $14,350 $13,509
40
41
Source: Colorado C corporation income tax returns
42
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.
43
² Federal taxable income (FTI) includes income from outside of Colorado because this table includes corporations that conduct business within and outside of Colorado. The FTI reported on Colorado returns can be positive, zero, or negative. The FTI is negative when the taxpayer reports losses and/or deductions greater than their income. When the FTI data is aggregated by size of Colorado Taxable Income, the values include positive and negative numbers.
44
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.
45
46
Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
47
Data extracted: August 25, 2022
48
Publish date: February 2023
49
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