I do have a problem with paying taxes on money I don't get to keep - such as the principle part of a mortgage payment. That money is basically never mine - yet I have to pay taxes on it.
You have to pay taxes on the principal part of a mortgage? That's news to me and surely can't be right. You can deduct mortgage interest within limits and have to report income from mortgage interest if you lend someone money to buy real estate or whatever but you don't pay tax on the balance of the loans either way.
