Do higher income taxes kill the incentive to hire new workers since the Owner of the Company is taking home le?

Nope. Taxes have nothing to do with hiring employees. Employees don't cost a company money, they make a company money. Sure, you pay an employee, but you wouldn't do so if that person wasn't generating more than the amount you are paying them. A company hires employees when demand for their good or service increases past the point that they can manage with their current staff. When consumers have more money in their pockets, they will spend it, which means demand will increase and companies will hire employees, who will get paid, spend their pay, which adds to demand, causing more hiring, etc... raising or lowering taxes is simply a political solution to a financial problem.

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No.

A company will hire until marginal product of labor is equal to marginal cost of labor. Neither is impacted by the tax rate the owner pays on profits.

In other words, employers do not hire people because they have money left over, they hire people because hiring them will be profitable. Since we have never had income tax rates above 100%, that means the hiring is profitable regardless of the income tax rate.

Special Unicorn - reinvesting money back into the business would LOWER the owner's income tax burden.

Look at what has happened in the past 3 yearly min wage increases. That in the truth helped the unions. Government regulations dumped on Companies.

The Government aiding Unions to prevent corporations from expanding into Right to Work States.

Even Obama work bill doesn't create jobs. It's goal is to cover the tab on the payroll tax deduction. They may be giving it back, but have to barrow to do it. (fear their reason).

So why hire, and grow, when it's safest to survive by going slim and trim.

They didn't when taxes were higher during times our economy was healthy. Before the Bush tax cuts caused tax revenue to dive below spending and made the GWBush debt double.

Often, the owner hasn't been taking home a lot of money, in times where the profits are low, they are usually the first to take a cut. However, it isn't what kills the jobs, not having money to put back into the business kills the jobs. If that is higher taxes, health insurance mandates, etc, they all affect the bottom line. People are not in business to break even--if they are, they die quickly as a business.

If higher taxes don't do the trick, Obama has other, more stringent ways to kill jobs. Just ask the workers at Gibson Guitars what happens to a company that get's sideways with Obama.

Lack of business is the reason for the lack of hiring new workers.

Yes! Remember: The owner of the company is paying income taxes on their own earnings.

No. We've had lower taxes on so-called "job creators" for over a decade now and we've seen less job creation in that decade than the previous one and the one before that.