👉 Overtaxing is a legal term that refers to a situation in which an individual or organization is subjected to excessive taxation, often due to their wealth or status. This can be done through various means such as imposing taxes on goods and services provided by individuals or businesses, or levying taxes on income earned by individuals or entities. Overtaxing can lead to economic hardship for those who are already struggling financially, and it can also contribute to social inequality and exacerbate existing disparities in wealth distribution.
