As one may not take both itemized deductions and a standard deduction, taxpayers generally choose the deduction that results in the lesser amount of tax owed.
Brazil is a federal presidential constitutional republic, based on representative democracy. The federal government has three independent branches: executive, legislative, and judicial. Executive power is exercised by the executive branch, headed by the President, advised by a Cabinet.
Brazil, officially known as the Federative Republic of Brazil, or âRepublica Federativa do Brasil â in Portuguese is the largest as well as the most populous country in the South American continent. Brazil Market is a free market economy organized along capitalist lines.