October 20th, 2011
12:27 PM ET

Who are the one percent?

occupy wall street top 1 percent top 1%

By Tami Luhby, CNN Money

Think it takes a million bucks to make it into the Top 1% of American taxpayers?

Think again. In 2009, it took just $343,927 to join that elite group, according to newly released statistics from the Internal Revenue Service.

Occupy Wall Street protesters have been railing against the Top 1%, trying to raise anger and awareness of the growing economic gap between the rich and everybody else in America.

But just who are these fortunate folks at the top of the income ladder?

Well, there were just under 1.4 million households that qualified for entry. They earned nearly 17% of the nation's income and paid roughly 37% of its income tax.

Collectively, their adjusted gross income was $1.3 trillion. And while $343,927 was the minimum AGI to be included, on average, Top 1-percenters made $960,000. FULL POST

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Topics: Economy • Protests