6. Maryland
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Average annual benefit: $18,586
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In The Old Line State, 720,910 retirees collected monthly benefits averaging $1,548.85. Maryland does not tax these benefits, but Kiplinger cautions that IRA distributions are fully taxed. State tax is 6%, and there are no local sales taxes.
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Did you know that the Social Security Administration is based in Baltimore instead of Washington D.C.? It wasn’t due to lack of attempt. Two different SSA-intended buildings were reallocated to other government entities, in 1935 and again in 1941.
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