Overtax: meaning, definitions and examples
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overtax
[ ˌoʊvərˈtæks ]
government regulations
To impose too heavy a tax or burden upon (someone or something). Overtaxing can lead to economic stagnation and hinder growth.
Synonyms
overburden, overload, overwhelm, strain
Examples of usage
- Small businesses are often overtaxed, making it difficult for them to thrive.
- Overtaxing the citizens can lead to widespread dissatisfaction and protest.
- The government's decision to overtax certain industries resulted in job losses and decreased productivity.
financial
To tax excessively or beyond what is reasonable or usual. Overtaxing can lead to tax evasion and a decline in revenue.
Synonyms
fleece, levy heavily, overcharge
Examples of usage
- The government should be careful not to overtax the middle class.
- Overtaxing luxury goods may discourage consumption and harm the economy.
Translations
Translations of the word "overtax" in other languages:
🇵🇹 sobrecarregar
🇮🇳 अधिक कर लगाना
🇩🇪 überlasten
🇮🇩 membebani
🇺🇦 перевантажувати
🇵🇱 przeciążać
🇯🇵 過度に課税する
🇫🇷 surcharger
🇪🇸 sobrecargar
🇹🇷 aşırı yüklemek
🇰🇷 과중하게 하다
🇸🇦 يثقل كاهله بالضرائب
🇨🇿 přetížit
🇸🇰 preťažiť
🇨🇳 超负荷
🇸🇮 preobremeniti
🇮🇸 ofreikna
🇰🇿 жүктемелеу
🇬🇪 გადატვირთვა
🇦🇿 həddindən artıq yükləmək
🇲🇽 sobrecargar
Word origin
The word 'overtax' originated in the late 18th century, combining the prefix 'over-' meaning excessively or beyond, and 'tax' referring to a compulsory contribution to state revenue. The concept of overburdening with excessive taxes has been a point of contention throughout history, often leading to social and economic repercussions.