Unless you do plan to blitz at the start, I've found your economy develops a lot better with low tax rates. The growth brought about by having low taxes soon brings in more cash than high taxes on a smaller population. In addition, this gets you high chivalry Generals that can massively increase growth in your settlements. In my current Turkish campaign, Caesarea was a Citadel by the time I got the eastern horde message, and was training Qapukulu by the time they arrived.
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