What is the impact of the increase in social insurance tax?

Legal analysis: 1. Social insurance tax is deducted from national income. Therefore, the increase of social insurance tax does not affect GDP and NI, but affects personal income PI.

2. The increase of social insurance tax will reduce personal income, which will also affect disposable personal income in a certain sense. However, it should be considered that the increase of social insurance tax does not directly affect disposable income, because once personal income is determined, only the change of personal income tax will affect disposable personal income DPI.

3. Social insurance tax is essentially the insurance premium paid by enterprises and employees to obtain social security. It is collected by the relevant government departments (usually the Social Insurance Bureau) in the form of tax at a certain tax rate.

Legal basis: Article 15 of the Provisional Regulations on the Collection and Payment of Social Insurance Fees. Where the people's governments of provinces, autonomous regions and municipalities directly under the Central Government stipulate that social insurance premiums shall be collected by the tax authorities, the tax authorities shall provide the social insurance agencies with the payment information of the payment units and individuals in a timely manner; The social insurance agency shall summarize the relevant information and report it to the administrative department of labor insurance.