Definition of overtaxation in US English:

overtaxation

noun

  • The action or practice of requiring a person or company to pay too much tax.

    ‘the overtaxation of retirement savings’

Pronunciation

overtaxation

/ˈˌoʊvərˌtækˈseɪʃ(ə)n//ˈˌōvərˌtakˈsāSH(ə)n/