 you think your taxes are high now wait until next year  the following is an excerpt from an article from the heritage foundation on the tax increases that will occur in january of 2012 if nothing is done by congress between now and the first of the year  ldquo if president obama and congress fail to act this year an enormous unprecedented tax increase will fall on american taxpayers starting on january 1 2013 the washington post called the looming tax increase lsquo taxmageddon rsquo and federal reserve chairman ben bernanke called it a lsquo massive fiscal cliff rsquo rdquo   ldquo this impending tax increase is mostly the result of the expiration of many longstanding policies that all expire at the end of 2012 president obama and congress should start working together now to prevent this massive tax increase rather than waiting until the end of the year that would assure families businesses and investors that their taxes will not rise sharply as the economy is still staggering to its feet and show the voters that washington really can get important things done mdash even in an election year rdquo  to read the rest of the article to see how you will be impacted click on the following link  http wwwheritageorg research reports 201204 taxmageddonmassivetaxincreasecomingin2013  19  you think your taxes are high now wait until next year  