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Colorado Tax Proof  Form

Colorado Tax Proof Form

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What is a W-9 tax form? What is a W-9 tax form?

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Video instructions and help with filling out and completing Colorado Tax Proof Form

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Instructions and help about co dr 2749

who pays a greater share of their income in taxes in Colorado the wealthy or the poor to figure that out you have to look at all state and local taxes collected this includes income sales and property taxes let's look at three Colorado families with different income levels one earning $30,000 one earning $140,000 and one earning $570,000 the first family pays eight point seven percent of his income in taxes the second pays six point four percent and the last pays four point six percent why such a difference mainly because of the sales taxes they pay the family making $30,000 pays five point three percent of its income in sales tax while a family earning five hundred seventy thousand dollars pays less than one percent of its income and sales tax the overall regressive nature of the total tax system in Colorado comes in large part from the sales tax this is because sales taxes tend to hit low income families hardest since those families spend most or all of what they earn on item

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