Colorado 2026 progressive ballot push would double income tax on top earners
By Marissa Ventrelli | Denver Gazette
Voters could see a proposal to more than double the income tax of Colorado residents who earn at least $1 million, which would raise more than $1 billion each year from this category of taxpayers.
The proposal also seeks to decrease the tax obligation of people who earn $100,000 or less, while maintaining the rate for residents whose income falls in between those two prongs.
Colorado has a flat income tax rate. Assuming the proposal made it to the ballot and voters approved it, Colorado's top marginal rate would rival the highest-taxed states in the western region, rivaling Oregon and approximating California. Several of Colorado's neighbors — its direct economic competitors in the region, notably Nevada and Texas — don'...