* After 1687, taxation revenues were too low for Louis increasing expenses, caused by mismanagement of tax farms by Le Peletier who replaced single lease tax farms with double lease tax farms in 1687, leading to higher collection costs and lower takings amounts-
* Tax farms charges as a percentage comparison to the amount reaching the treasury went from 40% in 1685 to 345% in 1707.
* Embezzlement and tax evasion was rife. By 1709, tax farms brought in half of what they did in the 1680’s.-
* 1709 - Desmaretz claimed tax farms were less than 2/3 their ordinary value, which couldn’t meet 10% of annual expenses in 1712.
* Famines between 1692-4 and the winter of 1708-9 caused depopulation leading to a decreased tax base,
* Taille yield decreased as charges increased from 20% of the taille in 1685 to 32% in 1706 causing % of taille reaching treasury to decline accordingly,
* New taxes on nobility, capitation (Direct tax to cope with war costs) and dixieme (requirement to declare the income that received from any property owned) meaning an increase in office sales resulting in 70,000-80,000 officers by 1709, all of whom were tax exempt. This raised 900,000 livres however was offset by gages which cost 51% more in 1699 than in 1683.
* % of tax lost in charges went from 20% in 1683 to 72% in 1715 as percentage reaching the treasury went from 80% to 28%,
* Tontines (Investment linked to living person giving the investor money until the person dies) offered unsustainable rates to investors which was counterproductive.
* Currency manipulation was inefficient as they attempted to inflate money supply, generate more disposable income, revalue coins upwards against livres and devalue livres against gold and silver but increase its wealth abroad, negatively affecting the army,
* French economy stagnated and declined badly due to this poor management after Colbert’s death. However, not all of it died-
* Marseilles revived from 1690’s and privateering got 220 million livres,
* Iron production remained strong, 211 iron forges by 1693,
* Cloth manufacturing revived until 1708 and wool production rose threefold in Languedoc,
* Indirect taxes introduced on playing cards, wigs, oysters and oil,
* Manufacturing goods demand was lowered due to rising tax burdens and inflation,
* Emigration of skilled Huguenot workers hurt wool industries, especially in Lyon as 75% had left by 1702. 200,000 Huguenots left overall (37%),
* Agriculture continued to be neglected. Land values fell 40% by 1686 and disposable money was neglected due to hyperinflatory bread prices in 1692-4 and 1709 and low wheat selling prices in Aix in 1688-9, leading to depressed peasant incomes.