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Colorado's Individual Income Tax System
Colorado's personal income tax system consists of a flat tax of 4.63% on the entirety of an individual's taxable federal income. That top rate ranks 38th highest among states levying an individual income tax. In 2009 Colorado's state-level individual income tax collections were $884 per person, which ranked 19th highest nationally. Since most small businesses are either S Corporations or partnerships or sole proprietorships, they pay their business taxes at the rates for individuals. The state's low income tax rate makes the tax environment for small businesses in Colorado competitive compared to other states.
http://www.taxfoundation.org/research/topic/16.html
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residenttroll wrote:
LadyJazzer wrote:
Nmysys wrote: But LJ you conveniently left out the Solar Panel industry as to pissing off our taxes. You blame military spending only for some reason.
I didn't "blame them only"... They just happen to be a pet peeve of mine... So, as usual, you're lying again.
And the Solyndra fiasco amounts to what, 1/100th-of-1% of the Defense budget? I didn't "conveniently" leave it out... It's just a drop in the bucket compared to $600 toilet seats, $400 hammers, and Tens-of-Billions in money paid to mercenaries like Blackwater...
The sOlyndra fiasco? Come on, what would they had called this CORRUPTION if it happen on Bush's watch?rofllol
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Joe wrote:
residenttroll wrote: Uncle Sam robbed me today.
I was expecting a very nice commission check for producing efforts. I got my check...the net results, a 47% tax beating.
Thank you Uncle Sam.
It's time to cut taxes! It's time to cut government expenses! It's time for Americans who produce to become free again.
Its easy to get to 47% if you are self employed middle class.
28+15+4= 47%
These are the marginal rates that are a dis-incentive to work extra over-time and a 2nd job. I used to do moonlight consulting work and got the same rates. Screw that.
This is why tax reform and lower marginal rates are needed.
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LadyJazzer wrote:
Nmysys wrote: But LJ you conveniently left out the Solar Panel industry as to pissing off our taxes. You blame military spending only for some reason.
I didn't "blame them only"... They just happen to be a pet peeve of mine... So, as usual, you're lying again.
And the Solyndra fiasco amounts to what, 1/100th-of-1% of the Defense budget? I didn't "conveniently" leave it out... It's just a drop in the bucket compared to $600 toilet seats, $400 hammers, and Tens-of-Billions in money paid to mercenaries like Blackwater...
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LadyJazzer wrote: Dang... There you go with those pesky FACTS again...
rofllol
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Local_Historian wrote: Hmm - wondering wth a failed company on a government loan has to do with RT doing his deductions poorly?
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Topic Author
Local_Historian wrote: Hmm - wondering wth a failed company on a government loan has to do with RT doing his deductions poorly?
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