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  1. Bills are considering tax changes for the state of Colorado, involving legislative action and policy organizations.

Colorado Tax Mobility Study Details Proposed Graduated Income Tax

1 report, 1 independent Updated Sun 00:00
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What happened

Some supportReported by 1 outlet

The Center on Budget and Policy Priorities released a study analyzing tax mobility within Colorado. The report discusses Amendment 87, which would replace Colorado’s flat 4.4% income tax with a graduated system. Under this proposed system, the lowest earners would pay 3.7% and those earning over $1 million per year would pay 8.4%.

From dailycamera.com

Why it matters

Some supportBrind's analysis of the reports

Amendment 87 is expected to raise revenue for the state. However, the proposal would constitute a tax cut for 97% of individuals and 95% of businesses. Conversely, taxes would increase significantly for the wealthiest individuals and the largest businesses.

Bills are currently being considered in Colorado regarding tax changes, involving legislative action and policy organizations.

From dailycamera.com

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Bills are considering tax changes for the state of Colorado, involving legislative action and policy organizations. All 2 developments

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