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The 1%

The 1% (one percent) are the citizens of the United States who earn the top one percent of income, with an average income of over $1.5 million in 2011 while the other 99% of the population earns a median income of $65,000. Statistics source: The Urban Institute and the Washington Post. (noun)

An example of the 1% is businessman and billionaire, Warren Buffett.

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