That's just my english. Of course I meant that the tab size is the same as the size of 8 space characters. And it sounds like the tab _character_ is an equivalent to 8 spaces, which is not true. Sorry for confusing description.
Now, some people will claim that having 8-character indentations makes
the code move too far to the right, and makes it hard to read on a
80-character terminal screen. The answer to that is that if you need
more than 3 levels of indentation, you're screwed anyway, and should fix
your program.
I do agree that there comes a point where you can get over zealous with indentation, but 3 levels deep is pretty common. In fact you idle at one level of indentation just with having your code inside a function. So basically all you need is one conditional inside a loop and you're already maxed out.