You're confusing things - 256kbps (kilobits per second) mega-data-compressed MP3 data vs. 44.1kHz (kilohertz / kS/s / samples-per-second) uncompressed PCM data.
Strictly as a data-transfer, the MP3 is around 1/5th the information of the PCM data (a 16-bit, 44.1kHz stream is a little over 1,400kbps).
Once you start jumping up to 320's with a really, really good MP3 converter (and a really, really good DA on the end), you can kick out some good sounding (compared to the PCM data they were created from) MP3's.
But long-story-short, 256kbps MP3 is only a small fraction of the resolution of the 16/44.1 PCM data from which it would've been written.