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Bitters usually do contain an alcohol content, with some ranging as high as 45%. However, it would be pretty hard to get a buzz from bitters because they are usually used in such small amounts to flavor a drink.
When considering the alcohol content, malt liquor has a higher alcohol content than beer. Malt alcohol often contains corn, added sugar, or other substances that increase the alcohol content. Beer contains less alcohol, usually less than five percent. Drinks that exceed this are called malt liquor, lager or ale.