Yes..it seems that the only real solution here would be to remove your entire substrate and replace it with some flourite and/or new gravel.
I can't imagine removing the entire substrate without tearing down the entire tank and starting over

.
Could there be anything else adding to the colour?
I'm not sure, so here's EVERYTHING in the tank..
It's a 55 gallon tank, about 1" of sand/laterite mix (I'm pretty sure I added 110oz. of laterite), about 2 handfuls of gravel from an old tank (from when I first started to cycle this one), 2 very large pieces of driftwood, some fake plants (that were added less than a week ago with no colour change to the water), 5 clown loaches, 5 Australian rainbow fish. Filtered with a Magnum 350 Deluxe and an Aquaclear 300.
Also, give the quart of water from a well established planted tank a try.
I no longer have any planted tanks, after I came back from vacation I found that the person that was supposed to take care of my tanks hadn't. So after seeing over $400 worth of dead plants, I gave up. Which is also why I haven't posted here in almost a year.
Which makes me wonder....
All of the plants died in every one of my tanks about a year ago. Which is about the same time as the water turned red.... Coincidence???? Of course none of my other tanks turned this colour or any color at all and the levels on all of the tanks were fine. When I say that the plants died, I meant they turned kind of brown, still alive, just not in my opinion worth saving, so they were all trashed.