Tax comic · October 2026

Same Duty, New Hook

Debits & Credits · Tariffs · Customs · Section 301

Debits & Credits comic strip: Same Duty, New Hook. Transcript below.Open full size

Debits & Credits, October 2, 2026. Laughs are nonrefundable.

Transcript. Panel 1, a widget crate and an entry summary with IEEPA and Section 122 struck through and Section 301 standing. Debit: “Same crate. Third statute.” Coworker: “The rate stayed.” Panel 2, a calendar circled Oct. 6, “Phase Three,” and a refund form stamped IEEPA. Coworker: “Monday we get the old duty back?” Panel 3, Debit at his desk with “Cit Hears 301” and a Section 301 memo. Debit: “On the old hook. The new hook is already on the entry.”

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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · Managing Member · carlos@lapresallc.com · (917) 558-6393.