Tax comic · October 2026

Statutory Musical Chairs

Debits & Credits · Tariffs · Customs · Section 301 · Section 232

Debits & Credits comic strip: Statutory Musical Chairs. Transcript below.Open full size

Debits & Credits, October 13, 2026. Laughs are nonrefundable.

Transcript. Panel 1, an importer holds a customs entry summary. “They struck down my IEEPA duty. Put it back under 301. Now they’re floating 232?” Panel 2, Debit, red pencil in hand, points at a stack of books labeled IEEPA, 122, 301, 232, and 338. “The citation changes. The rate does not.” Panel 3, Debit, one eyebrow raised, holds his “It depends.” mug. “Temporary, of course.”

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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 · carlos@lapresallc.com · (917) 558-6393.