Colorado's Fair Tax Calculator
All Coloradans with a taxable income less than $250,000 a year — 95% of the state's taxpayers — will see their income tax rates decrease. See what your new rates would be under Initiative #271.
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| Yearly | Monthly | |
|---|---|---|
| Taxable Income | {{ formatCurrency(taxableIncome) }} | {{ formatCurrency(taxableIncome / 12.0) }} |
| Tax paid under flat tax | {{ formatCurrency(taxFlat) }} | {{ formatCurrency(taxFlat / 12.0) }} |
| Tax paid under fair tax | {{ formatCurrency(taxGraduated) }} | {{ formatCurrency(taxGraduated / 12.0) }} |
| New income taxes | {{ formatCurrency(newIncomeTaxes) }} | {{ formatCurrency(newIncomeTaxes / 12.0) }} |
Effective tax rate under a fair tax: {{ (taxPercentage * 100).toFixed(2) }}%