View Full Version : Tax Rate On Meals?
10-31-2006, 08:30 AM
I am budgeting for our upcoming trip, and I want to make sure I have enough cash converted to USD. What can I expect to pay in taxes?
10-31-2006, 09:18 AM
I think its 6.5% on meals and other items you may buy. The resort taxes are about 12.5%. :thumbsup2
10-31-2006, 09:32 AM
The basic Sales Tax rate in Florida is 6.0% and is on most goods and services. The counties have an option, by vote of their residents, to add a surtax of 0.5%, 1.0% or 1.5% to the state rate.
Orange County, which is most of WDW has a surtax of 0.5%, so purchases (including meals) are taxed at 6.5%.
Osceola County, which has the All-Stars Resorts and Wide World of Sports in it, has a 1.0% surtax so purchases at those locations are subject to a 7.0% tax.
In addition, counties are allowed to have a tax on transient lodging. In both Orange and Osceola Counties it is 6.0%, so all lodging except the All Stars is 12.5% while the All Stars, in Osceola County, is 13.0%.
Mike (CPA Retired)
10-31-2006, 10:59 AM
Thanks for the info! I had a feeling that meals were not taxed at the same rate as accomodations, but I was calculating the meal tax at 13% just to be safe.
10-31-2006, 03:55 PM
Faye - When we traveled out of the US, we found the best deal for us - by far - was to use our credit cards as much as possible. When you use a cc, you get the cc's exchange rate,whic is far better than you'll get on a small amount of cash. It's also easy to see what you spent on each transaction when you get your statement. Certainly, you'll also want to have some cash.
It also pays to read the fine print on you cc's terms. Some are better than others, as some charge a fee per transaction, and some do not. In that cae, your best bet may be to use an ATM card to get cash when you are in the US. It helps if you have a couple to choose from. Sometimes very small banks have issues, but any card on one of the big networks should work. You just then need to look at maximum withdrawals allowed each day, and factor that into when you make withdrawals/accounting for the time differences.
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