Lots of good discussion here already.

2009 Beatles USB "hi-res" 24/44 was ~0.35dB or so louder in many tracks
compared to the equivalent 16/44 CD release.

High quality MP3 sounds very close if not identical to lossless 16/44...
If you missed it, there was the blind MP3 vs. lossless test from
earlier this year.  Bottom line - out of 151 respondents, high-bitrate
MP3 vs. lossless - more people picked MP3 as "better". Guys with
expensive equipment preferred the MP3 even more! Needs larger study,
replication, etc... but I think it's clearly consistent with the idea
that high-bitrate MP3's do not sound like "crap" as some people would
have everyone believe.

http://archimago.blogspot.ca/2013/02/high-bitrate-mp3-internet-blind-test_3422.html

Welcome to the SB forums Heisenberg.


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