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.
What type of economic system does Brazil have? A: Economywatch.com describes Brazil's economy as a free market that is organized along capitalist lines.. Beginning in 2006, Brazil's economy became the largest in South America and ninth largest in the world as measured by purchasing power parity (PPP).