Marc-Andre Lemburg added the comment:

time.time() is not quite UTC on Unix: it usually (*) doesn't include leap 
seconds, which UTC does.

The Wikipedia page has a good definition and explanation:

https://en.wikipedia.org/wiki/Unix_time

(*) "usually" because POSIX defines time() to not include leap seconds, but on 
some older or not quite POSIX compliant Unix systems, leap seconds are included.

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nosy: +lemburg

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<http://bugs.python.org/issue29026>
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