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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 21A. Income and Tax Data for Central Mountains Region by Size of Federal AGI ¹
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This table shows aggregate income and tax data for full-year residents by Colorado region and AGI group. A region is a group of one or more counties defined by the Colorado Department of Local Affairs. Mailing addresses are used to categorize returns into a Colorado region. The Central Mountains Region includes: Chaffee, Clear Creek, Custer, Fremont, Gilpin, Huerfano, Lake, Las Animas, and Park 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 1,109 ($66,616,773)$0 ($78,558,495)$268,432 NRNR
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$0 under $10K 6,848 $30,236,241 $244,800 ($58,225,697)$683,121 NRNR
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$10K under $20K 6,383 $95,283,595 $11,537,398 ($14,004,839)$2,437,981 $663,770 $657,455
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$20K under $30K 6,349 $159,119,745 $56,891,952 $31,699,024 $6,693,230 $2,446,680 $2,432,705
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$30K under $40K 5,616 $195,934,061 $99,688,139 $76,507,851 $10,286,243 $3,949,193 $3,921,952
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$40K under $50K 4,386 $196,811,436 $118,243,624 $91,817,191 $12,253,877 $4,510,371 $4,472,301
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$50K under $60K 3,840 $210,634,168 $137,270,487 $109,849,330 $14,371,959 $5,148,427 $5,102,212
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$60K under $75K 4,467 $300,177,415 $206,068,953 $165,011,119 $23,829,411 $7,619,087 $7,511,110
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$75K under $100K 5,135 $444,536,458 $323,792,005 $265,206,237 $38,433,899 $12,101,189 $11,856,980
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$100K under $200K 6,845 $911,484,726 $726,080,605 $636,845,405 $101,754,283 $29,003,137 $28,290,988
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$200K under $500K 1,543 $433,063,271 $373,243,705 $352,552,326 $71,884,764 $16,041,153 $15,169,905
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$500K under $1M 159 $104,371,600 $94,847,043 $92,958,445 $23,591,983 $4,229,612 $3,784,038
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$1M and over 75 $178,633,553 $165,968,498 $155,400,327 $48,296,543 $7,070,716 $6,324,727
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Total 52,755 $3,193,669,496 $2,313,877,209 $1,827,058,224 $354,785,726 $92,876,366 $89,613,652
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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 1,109 ($60,069)$0 ($70,837)$242 NRNR
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$0 under $10K 6,848 $4,415 $36 ($8,503)$100 NRNR
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$10K under $20K 6,383 $14,928 $1,808 ($2,194)$382 $104 $103
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$20K under $30K 6,349 $25,062 $8,961 $4,993 $1,054 $385 $383
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$30K under $40K 5,616 $34,889 $17,751 $13,623 $1,832 $703 $698
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$40K under $50K 4,386 $44,873 $26,959 $20,934 $2,794 $1,028 $1,020
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$50K under $60K 3,840 $54,853 $35,748 $28,607 $3,743 $1,341 $1,329
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$60K under $75K 4,467 $67,199 $46,131 $36,940 $5,335 $1,706 $1,681
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$75K under $100K 5,135 $86,570 $63,056 $51,647 $7,485 $2,357 $2,309
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$100K under $200K 6,845 $133,161 $106,075 $93,038 $14,865 $4,237 $4,133
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$200K under $500K 1,543 $280,663 $241,895 $228,485 $46,588 $10,396 $9,831
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$500K under $1M 159 $656,425 $596,522 $584,644 $148,377 $26,601 $23,799
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$1M and over 75 $2,381,781 $2,212,913 $2,072,004 $643,954 $94,276 $84,330
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Average 52,755 $60,538 $43,861 $34,633 $6,725 $1,761 $1,699
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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 region 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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