Dear Colorado Taxpayers:
The structure for raising the revenue needed for state and local governments of Colorado to provide the investments and services we all rely on is not widely understood (this is an understatement). Be honest – do YOU understand it? Are you even interested?
You should be. Here’s why.
The 2013-2017 five-year average of total taxes paid by each of us Colorado taxpayers for Federal, State, and local taxes is about 27% of our income. Colorado per capita personal income in 2016 was $52,059, making the average total tax bill about $14,000 per person. 68% of that flies directly to Washington, DC: $9,555. 16% of it – $2240 – lands in Denver with the State; the remainder–$2240—goes to your county and local tax districts. To be fair, some of what we send to Washington returns to Colorado under various federal programs. Also, while per capita averages provide a useful benchmark, they do not account for tax burdens relative to income.
My guess is that you did not know this information. I didn’t until just recently, after a little digging. So what? you shrug. What can I do—nothing? Well, that might be the case if you lived in another country. But you live in Colorado; it’s different here.
“So, what can you do?” First, you need to be informed.
It is not enough to know a few high-level numbers that may lead to some hand-wringing. Rather, it’s more important to know things like:
A. How that 27% is collected
B. How it is spent
C. Or is it the “right” number – should it be less, or more?
The instinctive answer to C). is typically LESS!! But what real information do you have to make that choice?
The people we elect to find the answers – and make changes to – A, B, or C are typically our legislators – both at the far-away Federal level, and the closer to home State level, and close to home county and municipality levels.
If you’d like to learn a bit more about these ABC’s of Colorado Taxes, please join us on August 12, 2019 at the PPA Event Center in Denver for an educational and information event called “Death and Taxes – Understanding One of Them”. (In this, case, taxes.)
August 12, 2019 – Monday
Death and Taxes: Understanding at Least One of Them.
How Colorado’s Unique Tax Structure Matters to YOU and YOUR Family.
Location: PPA Event Center
Address: 2105 Decatur St, Denver, CO 80211
You will: See, hear, and interact with a select group of lawmakers, policy experts and fellow citizens as we, together, unravel the mysteries of how these laws and constitutional amendments: GALLAGHER (1982), TABOR (1992), SENIOR PROPERTY TAX EXEMPTION (2000), AMENDMENT 23 (2000) REFERENDUM C (2005), and Proposition CC (2019) together, impact your lives, your schools, your roads, fire departments, and law enforcement in significant and meaningful ways. And what every voter needs to understand about Proposition CC, coming on the fall ballot. Free Parking!
Buy your ticket – CLICK HERE
Learn More – CLICK HERE
This event is open to taxpayers of all ages. You will see, hear, and interact with a select group of lawmakers, policy experts and fellow citizens as we, together, begin to unravel the mysteries of how Colorado’s tax laws and related constitutional amendments impact your lives, your mobility, your schools, your health care, your roads, fire departments, and law enforcement in significant and meaningful ways. And, what every voter needs to understand about Proposition CC, coming on the fall 2019 ballot. And oh, it includes lunch and, surprise: laughter.
Please visit our website to learn more and to purchase a ticket: www.ColoradoSeniorLobby.org
Seating is limited, get your ticket now. And no, you don’t have to be over 65 – just be of voting age, please. Look forward to seeing you there.
Your friends at Colorado Senior Lobby