Being Taxed-out is when a person or people living in a home are no longer able to afford to live there because of high taxes. This happens oftentimes to elderly and retired people. Getting Taxed-out also happens with the loss of a job, or if the high income earner of the family becomes disabled or deceased.
1. Sometimes communities with high taxes cause home owners to be Taxed-out of their homes.
2. Even hardworking thoughtful people can get Taxed-out of their homes if their income drops.
3. You think you own a home until the tax bill shows up and you realize you have been Taxed-out of your home. Literally the tax man took your house!
Burdened, to the point of exhaustion
Shortened from "taxed out of existence"
My boss kept me late every night this week, and I'm feeling a bit taxed out.