Thats only 50% right. Lets take one I have. Its a 550 watt with two 12V rails at 20 amps each. It has a total of 38 amps on the 12V rails.
You dont just add the two 12V rail together and say it has 40 amps total. You can get a rough amount dividing by 12 of the total amount of watts on the 12V rails, not the total of the P/S. Thats why this one only has 38 total even though it has two 20 amp rails.
Another point. Its true that most power supplies have one of the rails dedicated to the CPU. But that does not mean that all of the amps on that rail is held.
Take the above P/S in the example, if one rail is the CPU rail it does not hold the whole 20 amps on that one rail and just leaves 18 amps for the other. (All a dedicated CPU rail means is that no other Device/hardware can pull off that rail), not that the rail holds anything. Its true that both rails do have a minimal amount of amps that is held but its somewhere around 3 to 6 amps on each rail, depending one brand and model. The ratings on the rail is just the (max) any one rail can pull. But the CPU rail does not hold the max amps rating of that rail and just leaves whats left over for the second rail. It doesnt work that way. The rating on the rail is just the most the rail can pull, its not the amount held on the rail.
Now there are upper end P/S that (really) have dedicated rails and your example would be true to a point. But in the example no rail is pulling off each other so nothing is just left over for the other, they never pull off each other. But the above cheap P/S is not one.