Cryptic crossword clue
Entire tax too ridiculous, outrageously high 12

The most common and most likely answer to this crossword clue is the 12 letter word EXTORTIONATE

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "outrageously high" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case outrageously high = extortionate.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does EXTORTIONATE mean?

EXTORTIONATE adjective
  1. Of, related to or typifying extortion.
  2. Greatly exceeding what is reasonable or moderate; exorbitant.

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