All Coloradans with a taxable income less than $250,000 a year — 95% of the state's taxpayers — will see their income tax rates decrease. See what your new rates would be under Initiative #271.
Yearly | Monthly | |
---|---|---|
Taxable Income | Taxable Income | Taxable Income / 12.0 |
Tax paid under flat tax | Tax Flat | Tax Flat / 12.0 |
Tax paid under fair tax | Tax Graduated | Tax Graduated / 12.0 |
New income taxes | New Income Taxes | New Income Taxes / 12.0 |
Effective tax rate under a fair tax: Tax Percentage Fixed