Bond question
 

Is the interest on the bond considered tax deductable?

This has been covered a number of times, but my, non professional, understanding is, no. First of all the Bond is not deductible because it is not a "tax". Also, say you borrowed money to pay your income tax. Would the interest be deductible?

I think the interest is deductible just like interest on a mortgage. The principle is, of course, not deductible.

This has been covered many times, but, to my knowledge, the only way to make the interest on the Bond tax deductiable is to take out a home equity loan and use it to pay off the Bond. The Bond is not a mortgage.

This is what my understanding was too. You can't claim the interest paid on the bond itself.