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According to the Merriam-Webster Legal Dictionary, the legal definition is "a sale and purchase of securities that produces no change of the beneficial owner." [2] The IRS broadened its definition of wash sales in 1993. [6] In the United States, wash sale laws
On the set of a pornographic film. Pornography has existed since the origins of the United States, and has become more readily accessible in the 21st century.Advanced by technological development, it has gone from a hard-to-find "back alley" item, beginning in 1969 with Blue Movie by Andy Warhol, the Golden Age of Porn (1969–1984) and home video, to being more available in the country and ...
Furthermore, it is decriminalized to sell sex, but not to buy sex in Maine (highlighted in cyan). The states in gray indicate where prostitution is illegal. Prostitution is illegal in the vast majority of the United States as a result of state laws rather than federal laws. It is, however, legal in some rural counties within the state of Nevada.
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Cover of an undated American edition of Fanny Hill, c. 1910 The 18th century book Fanny Hill has been subject to obscenity trials at various times (image: plate XI: The bathing party; La baignade). The sale and distribution of obscene materials had been prohibited in most American states since the early 19th century, and by federal law since 1873.
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The law broadly defines pornography as "any representation of the sexual parts of a person for primarily sexual excitement". [40] The law says that "a person shall not produce, traffic in, publish, broadcast, procure, import, export, sell or abet any form of pornography". Breaches of the law are punishable with up to ten years in jail. [43]