I start my first ever well paying job in two weeks. Since I start halfway through this year, my tax bill for 2011 will be much lower than 2012. Is there anything I can do to take advantage of this?
Enjoy the lower tax bill for 2011. But then again, you'll likely earn less in 2011 than you will in 2012 and beyond. Oh well.
Any tax advantages you might get for doing X come at a price. Count the cost.
This wasn't part of your question, but try to sock away as much as you can with this new job of yours. Resist the temptation to drastically raise your spending levels to match your new income. Pretend that you're (more or less) as "poor" as you were before the new job. Your future self will thank you.