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As we finally put the mid-term elections behind us, you might be tempted to think that we may finally see some of that tax relief so many politicians like to promise on the campaign trail.

The truth is that we were all going to have to pay more taxes no matter who was elected for two reasons: the heavy bill necessary to fix the financial tsunami that has hit America; and the reality of huge budget deficits, projected by the Congressional Budget Office to be $431 billion in 2010.

Let's face it, the direction of taxes is UP because the slower the economy, the fewer the tax dollars that come into the government.

Let’s talk about easy and quick steps to take now so you can lower your taxes in 2011.

Next: #1: Consider municipal bonds.