Posted on 01/20/2016 5:17:48 PM PST by george76
Coloradans on average paid 8.9 percent of their incomes in state and local taxes in fiscal year 2012, down a bit from the 9 percent rate in the previous year...
The Colorado rate was well below the national local-tax burden of 9.8 percent..
Colorado ranked 35th among the states for collective state and local tax burden, with No. 1 -- New York, at 12.7 percent -- having the highest state and local tax burden and No. 50 -- Alaska, at 6.5 percent -- the lowest.
...
Taxes covered by the report include state and local income tax, property tax and sales tax. The report does not include taxes collected by the federal government.
...
In December, in a different comparison, the Tax Foundation ranked Colorado 18th among the states in its State Business Tax Climate Index -- an annual ranking that considers more than 100 variables across the areas of corporate and individual income tax, sales tax, property tax and unemployment insurance tax.
(Excerpt) Read more at bizjournals.com ...
2012 data isn’t very comforting....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.