Henry Sobanet

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Colorado replaces its flat income tax with a six-bracket system

Spoke at a Common Sense Institute event on Nov. 10 about Amendment 87's effect on Colorado's competitiveness

Amendment 87 leads 51.64% to 48.36% in Colorado's unofficial count, with 1,357,905 votes for and 1,271,712 against. The measure replaces the state's 4.4% flat income tax with six brackets that reach 8.4% on income above $1 million, starting with tax year 2027.

Updated 7 hours ago