Progressives Want to Scrap Colorado’s Flat 4.4% Tax and Hit Millionaires With an 8.4% Rate This November

A November ballot measure could upend how Colorado taxes income, trading its long-standing flat rate for a tiered system that targets the state’s highest earners.

Colorado’s flat 4.4% income tax helped pull businesses and young workers into the state for two decades. A November ballot measure would swap it for six brackets topping out at 8.4% on income over $1 million, giving the state the steepest top rate of any of its neighbors.

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