1640s, "to demand too much of," from over- + tax (v.). Meaning "to levy taxes beyond what is equitable or reasonable, to tax heavily or excessively" is by 1823. Related: Overtaxed; overtaxing.
Don't overtax my constituents!
overstrung
overstuffed
oversupply
overt
overtake
overtax
overthink
overthrow
overtime
overtire
overtly