...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title," as income to the taxpayer. The language...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...originally subscribed for by the taxpayer) the interest upon which is wholly exempt Domestic taxes from taxation under this title; Exception. ' (3) Taxes paid...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title;" Limitation of taxable interest, on indebtedness...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...originally subscribed for by the taxpayer), the interest upon which is wholly exempt from taxation under this item." It would seem, therefore, that the following...

...indebtedness, except on indebtedness incurred or continued M to purchase or carry obligations or securities (other than obligations of the United States issued...originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title; (3) Taxes paid or accrued within the taxable...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title; ( 9 ) In the case of a domestic life insurance...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other, than obligations of the United States issued...September 24, 1917, and originally subscribed for by t'-e taxpayer) the interest upon which is wholly exempt from taxation under this title; (9) In the...

...in the hands of any particular taxpayer. However, interest paid on indebtedness incurred to purchase obligations of the United States, issued after September...1917 (and originally subscribed for by the taxpayer), may be deducted, whether or not the interest from such obligations is wholly tax exempt. Section 214...

...purchase or carry obligations or COMPARISON OF THE REVENUE ACTS OF 1918 AND 1921. Act of 1921. securities (other than obligations of the United States issued...originally subscribed for by the taxpayer) the interest upon which is whollv exempt from taxation under this title; * Act of 1918. (3) Taxes paid or accrued...

...premiums on business property; interest, except interest on indebtedness to buy or carry securities (other than obligations of the United States issued...and originally subscribed for by the taxpayer) the income from which is entirely exempt from tax; bad debts; business losses, etc. The items which may...