No branch of the law is in more hopeless confusion than that relative to the taxation of personal property, including the various species of debts. While the great mass of personal property of all kinds, including bonds, mortgages, notes and other forms of indebtedness, escape taxation altogether, still, in general, a debt may be taxed both at the domicile of the debtor and of the creditors.

1 See Minor on Conflict of Laws, Sec. 125.