Last-ditch effort to block Amendment 87, Colorado’s graduated income tax ballot measure, is rejected by Denver judge

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Last-ditch effort to block Amendment 87, Colorado’s graduated income tax ballot measure, is rejected by Denver judge

https://coloradosun.com/2026/10/21/amendment-87-court-ruling-challenge/Open link View original on programming.dev

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3 replies

zoloftt

lemmy.world

Lovely. The amount of texts, emails, and junk mail I've received from right wing orgs telling me to vote against 87 has been frankly annoying.

That's money they should be saving to pay their increased taxes. Absolute ghouls.

jaybone

lemmy.zip

Is it not currently graduated? Is it a flat tax? Or flat percent maybe?

Kühlschrank reply

lemmy.world

Today, everyone in Colorado pays the same 4.4% state income tax rate, no matter how much money they make.

Under Amendment 87, individual income and business profits would be taxed at different rates across six brackets.

Taxes would go down to 4.2% or less on the first $100,000 of taxable income. Then, for every dollar earned above $500,000, the tax rate would increase in increments up to a top marginal tax rate of 8.4% for income greater than $2 million.