You might think that a self-proclaimed “economic development expert” would have a solid grasp of the levels of taxation in Colorado. You might be wrong.
In a recent Denver Post guest opinion column making a case for a two-tiered state income-tax rate, former state representative and executive director of Colorado’s Office of Economic Development and International Trade Don Marostica makes the claim that Colorado ranks 45th in combined state and local taxation. Mr. Marostica did not cite any source for this claim. Here is the what he wrote:
For state taxes paid per $1,000 of income, Colorado ranks 48th. When state and local taxes are combined, Colorado is still near the bottom at 45th, below Texas and all our other neighboring states.
But according to the the meticulously sourced and cited 2012 Independence Institute study, “How Colorado’s Tax Burdens Rank Nationally,” Colorado is 26th in the nation for combined state and local tax burdens…hardly “near the bottom” in terms of paying taxes. From the study:
Colorado ranks 26th nationally, compared to all other states for the combined state and local tax burden, on a per capita basis.
You can read the study here.