python multi-threading slower than serial?

I'm trying to figure out multi-threading programming in python. Here's the simple task with which I want to compare serial and parallel speeds.

import threading
import Queue
import time
import math

def sinFunc(offset, n):
  result = []
  for i in range(n):
    result.append(math.sin(offset + i * i))
  return result

def timeSerial(k, n):
  t1 = time.time()    
  answers = []
  for i in range(k):
    answers.append(sinFunc(i, n))
  t2 = time.time()
  print "Serial time elapsed: %f" % (t2-t1)

class Worker(threading.Thread):

  def __init__(self, queue, name):
    self.__queue = queue
    threading.Thread.__init__(self)
    self.name = name

  def process(self, item):
    offset, n = item
    self.__queue.put(sinFunc(offset, n))
    self.__queue.task_done()
    self.__queue.task_done()

  def run(self):
    while 1:
        item = self.__queue.get()
        if item is None:
            self.__queue.task_done()
            break
        self.process(item)

def timeParallel(k, n, numThreads):
  t1 = time.time()    
  queue = Queue.Queue(0)
  for i in range(k):
    queue.put((i, n))
  for i in range(numThreads):
    queue.put(None)    
  for i in range(numThreads):
    Worker(queue, i).start()
  queue.join()
  t2 = time.time()
  print "Serial time elapsed: %f" % (t2-t1)

if __name__ == '__main__':

  n = 100000
  k = 100
  numThreads = 10

  timeSerial(k, n)
  timeParallel(k, n, numThreads)

#Serial time elapsed: 2.350883
#Serial time elapsed: 2.843030

Can someone explain to me what's going on? I'm used to C++, and a similar version of this using the module sees the speed-up we would expect.