COLORADO, USA — The effective state and local tax rate for Colorado residents in 2019 was 9.4%, the 34th highest percentage among the 50 states, according to a new ranking published by the Tax Foundation.
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Across the United States, the average state-local tax burden came in at 10.3% of Americans’ combined income, the study said. Generally, state-local tax rates rose in 2019 over the previous year as tax collections outpaced overall income growth, the Tax Foundation’s analysis found.
The foundation’s researchers also point out that about a fifth of states’ tax revenues come from nonresidents, such as tourists and out-of-state homeowners. Based on the latest economic data available, the study accounted for this and looked primarily at state and local levies paid by each state’s residents.
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