Two measures. Two opposite answers. One Colorado income tax rate.
By Shaina Cole | Contributing Writer, Rocky Mountain Voice
Colorado voters may face a choice in November between two measures that couldn't disagree more about the state income tax. One would replace the flat rate with a graduated system and raise close to $2 billion a year. The other would make it illegal to raise the rate at all.
Neither one is a new idea. And the differences between them go deeper than the rate.
What each one does
Colorado's income tax has been flat since 1987, meaning everyone pays the same percentage regardless of what they earn. The rate is currently 4.40 percent.
Initiative 195, backed by a coalition led by the Bell Policy Center, would replace that with six brackets.
The Legislative Council Staff, which produces nonpartisan fiscal analys...