at one hundred per cent tax

Question

hi

im reading this text and confuse about the meaning, could you please explain to me?

it means 100% tax? per cent!?

"""in particular, they are subject to the non-affectation principle, according to which all expenditures are covered by the public budget, and in return all the revenue goes to the public treasury. All revenue gained is “taxed” by the public treasury at one hundred per cent as the subsidy is correspondingly reduced."""

thank you

Answer 1

Note the "" around taxed. This is a metaphor.

This system is best understood as net budgeting