ELI5: Explain Like I'm 5

Tax stamp

Alright kiddo, imagine you want to have a toy that is really special and fun to play with, but in order to get it, you need to pay some extra money to the store before you can take it home.

Now, let's say that you want to get something even bigger and cooler, like a gun. When you get a gun, you'll need to give some extra money to the government before you can own it. That extra money is called a tax stamp.

A tax stamp is like a special sticker or badge that shows that you've paid the extra money to own the gun. It's important to have the stamp with you whenever you have the gun so that the government knows that you paid the tax and that you're allowed to have the gun.

It's like having a special sticker on your favorite toy that shows everyone that you're allowed to play with it. But in this case, it's not a toy, it's a gun, and the sticker is called a tax stamp!