ðə hˈoʊldɪŋ ʌv ðɪs kˈeɪs ɪz tədˈeɪ ɛmbˈɑːdid ɪn ɪntˈɜːnəl ɹˈɛvənˌuː kˈoʊd sˈɛkʃən tˈuːhˈʌndɹɪd sˈɛvənti fˈaɪv, wˌɪtʃ wʌz ˈædᵻd tə ðə kˈoʊd ɪn nˈaɪntiːnhˈʌndɹɪd sˈɪksti fˈoːɹ ænd wˌɪtʃ spəsˈɪfɪkli dˌɪsɐlˈaʊz ɐ dᵻdˈʌkʃən fɔːɹ fˈɛdɚɹəl ˈɪŋkʌm tˈæksᵻz.
The holding of this case is today embodied in Internal Revenue Code §275, which was added to the Code in 1964 and which specifically disallows a deduction for federal income taxes.