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!
When Taxes get to high due to socialism some people may get taxed to death; a feeling similar to death due to to much taxes this may in fact cause you to temporarily live in your Friends trashcan.
Guy 1: Damn the taxes are real high right now
Guy 2: ya my friend just got taxed to death, and now he get out of my my trashcan!
Guy 1: poor guy.
When people die as a result of not being able to acquire the resources they need to survive, because they lost a lot of money they needed when they paid off their taxes, which causes some people to go homeless and potentially die starvation, dehydration, and or severe illnesses that greatly impact their lives in a negative way.
People who get taxed to death tend to die in a very slow, painful manner. It is sad to see this issue is still very prevalent today.