Thanks to many loopholes in our tax code–the carried interest loophole being the most important–the richest people in American are likely paying a lower tax rate than you are.

Maybe NASCAR lowered it’s ticket prices to thank fans for the tax loophole for Motorsports Entertainment Complexes.

I notice that the Daily Beast decided to do a long PR ad for an interview with Peter Peterson, which tried to make clear just how reasonable the man is. Many of his cheerleaders quickly hailed it as persuasive proof. But the problem is that on the issue of the deficit, Peterson is a self-serving hypocrite.