What are taxes and social security expenditures? Is the payment deducted by social security?

Taxation and social security expenditure refer to social security tax, also known as "social security tax" and "payroll tax". It is a special tax with wages and salaries as the tax object, and its tax revenue is used for specific social insurance projects. Taxpayers are generally employers and employees, and taxes are shared by both parties, but in some cases, employers pay unilaterally.

Legal objectivity:

"People's Republic of China (PRC) Social Insurance Law" Article 61 The social insurance premium collection agency shall collect social insurance premiums in full and on time according to law, and regularly inform employers and individuals of the payment. Article 62 of the Social Insurance Law of People's Republic of China (PRC), if the employer fails to declare the amount of social insurance premiums that should be paid according to the regulations, the amount that should be paid shall be determined according to 1 10% of the amount paid by the employer last month; After the payment unit completes the declaration procedures, the social insurance fee collection agency shall make settlement in accordance with the provisions.