Yes, at the end is those Lyrics so go listen again.
And yes, it is racist. The song insinuates that the White man is persecuted because they are not a minority, and the final lyric "guilty of being right - guilty of being WHITE" also insinuates that the white man is right while the other ethnic races are wrong.
What is wrong with you people - don't you know racism when it's in your face?

LOL I POSTED WRONG SONG OMFG NUB RANDO EURO OMG
SOrry
Slayer - Guilty of Being White
www.youtube.com/watch?v=X87ig7cfFbA
THIS SONG
As some dudes already said... this is NOT a racist song
It's cover from the first straight edge band (as it says on the name on youtube) and they're totally not accepting racism.