Walmart Savings Catcher is a neat little app where you can scan your Walmart reciept, and then Walmart will then check the prices you paid against competitors, and then refund you the difference.
For example, if I bought a bag of chips for $3 and they find a competitor had a sale on the same item for $2, then they will give me $1 that can be used for a Walmart gift card.
There are limits that Walmart puts on as to how much you can redeem as well as how many receipts you can enter per week. But I found a pretty obscure loophole in their terms that allows me to bypass most of their restrictions. (I don't want to share the specifics, because I don't want copycats and Walmart to shut it down).
It's been so successful that I've quit my job and now spend all my time traveling to different Walmarts and scanning receipts. So far this year (from mid-February to early November) I've made $52,273.44. (Before you call me lazy, I actually work quite a few hours and am on the road constantly).
So my question is, should I be paying taxes on this since it is my primary source of income? If so, how on earth am I supposed to do this? Walmart is paying me in eGift Cards, which is not cash. But it's pretty darn close to cash because you can buy just about everything you need at Walmart.
What should I do?