Citizen X nails it, but a bit more detail might be:
In the early game when soldiers to put into uniform are not always there, I take a pause in raising money. I do taxes last, but rotate through each option to raise money whenever the option to raise money is available.
Because raising taxes does cost NM, I may delay raising taxes if I have low morale and a good prospect to win a major battle this turn.
Inflation is a long term consequence of all money options, taxes the most, if I remember correctly; but inflation is low enough that it does not really impact what I need to buy.