Tag: Graduated Income Tax

By Jesse Paul | The Colorado Sun The plan would increase income taxes on people earning at least $506,000 in annual taxable income to raise more than $2 billion each year for things like health care, education and public safety. People earning less would get a tax cut. A group of liberal advocacy groups is pursuing a 2026 ballot measure that would change the state constitution to enact a graduated income tax rate in Colorado and raise more than $2 billion each year for services like health care, education and public safety. The plan would increase income taxes on people earning at least $506,000 in annual taxable income. The proposal would lower the income taxes on people earning less, who represent the vast majority of Colorado taxpayers. The changes would also apply to busine...