overtaxation
/ˌoʊvərˌtækˈseɪʃən/
noun
- The act or policy of charging too much tax, or the state of being taxed excessively.
- Many citizens protested against the overtaxation of their incomes.
- Overtaxation can slow economic growth by reducing people's spending power.
- The report warned that overtaxation of the middle class was hurting the economy.