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 is, by far, the largest and strongest economy in South America with a GDP corresponding to 50% of the entire sub-continent's GDP. The country occupies a leadership spot on the integration projects taking place in Latin America and encourages trade treaties between its neighbors.