Which of the following is not considered to be a "derived" tax revenue based on GASB standards?
A)sales taxes
B)property taxes
C)income taxes
D)all of the above are derived tax revenues

Question

Quizplus · Accepted Answer

According to GASB standards, property taxes are not considered to be a "derived" tax revenue as they are based on assessments of the value of property and not directly tied to an individual's income or consumption. Sales taxes and income taxes, on the other hand, are considered to be derived tax revenues as they are based on the amount of goods or services purchased or an individual's income level.

Which of the Following Is Not Considered to Be a "Derived