State Government Tax Collections, Total Income Taxes in Colorado
COTLINCTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,394,659.00
Year-over-Year Change
75.02%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Total Income Taxes in Colorado' trend measures the total income tax revenue collected by the Colorado state government. This data provides insight into the state's fiscal health and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the total income tax revenue collected by the Colorado state government. It is an important metric for evaluating the state's fiscal position and revenue sources, as well as broader economic trends within Colorado.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policy makers and analysts use this data to assess Colorado's economic performance and tax environment.
Key Facts
- Colorado has a flat state income tax rate of 4.55%.
- Total state income tax collections in Colorado reached a high of $8.7 billion in 2019.
- Income taxes account for over 60% of Colorado's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total income tax revenue collected by the Colorado state government, providing insight into the state's fiscal health and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This data is important for evaluating Colorado's fiscal position, revenue sources, and broader economic trends within the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Colorado's economic performance and tax environment.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Census Bureau, but may be subject to revisions or delays.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Income Taxes in Colorado (COTLINCTAX), retrieved from FRED.