SCOTTSDALE, Ariz.--(BUSINESS WIRE)--American entrepreneur and philanthropist Bob Parsons today announced that in celebration of the passage of the GOP tax plan, all 725 YAM Worldwide employees will receive additional bonuses. The 594 staffers who have been with the company for more than six months will receive $2,000, and the remaining 131 employees who have been on the YAM Worldwide team six months or less will receive $1,000 each. The more than $1.3 million in bonuses will be distributed today.

“ The passage of the tax credit is a catalyst for explosive economic growth. On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy,” said Parsons. “ I’ve always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff.”

Parsons joins the likes of major corporations such as AT&T, Wells Fargo and Comcast who have granted bonuses, increased minimum wage or pledged to boost employee investment and philanthropy since the tax plan passed on Wednesday.

Often best known as the founder of GoDaddy, Parsons is the CEO and founder of YAM Worldwide which is home to more than a dozen companies including PXG, Harley-Davidson of Scottsdale, SNEAKY BIG Studios and BIG YAM, The Parsons Agency. To learn more about YAM Worldwide or Bob Parsons, visit the PXG video blog.

About YAM Worldwide, Inc.

Based in Scottsdale, Arizona, YAM Worldwide, Inc. is home to the entrepreneurial operations of Bob Parsons, American entrepreneur and philanthropist. YAM Worldwide’s core businesses include: Parsons Xtreme Golf (PXG), Scottsdale National Golf Club, Harley-Davidson of Scottsdale, Southern Thunder Harley-Davidson, GO AZ Motorcycles, SNEAKY BIG Studios, The YAMWOOD Foundry, Spooky Fast Custom Finishing, YAM Capital, YAM Properties and BIG YAM, The Parsons Agency. In 2012, Parsons and his wife Renee founded The Bob & Renee Parsons Foundation, which has awarded more than $135 million in critical funds to charitable organizations.