In An Introduction to Modern Astrophysics (p.243), Carroll and Ostlie say that for a optical depth $\tau = 1$ the intensity will decline by a faction of $e^{-1}$.
$I_\lambda = I_{\lambda,0}e^{-\tau}$
They also say that as result, we typically see no deeper into an atmosphere for an optical depth $\tau \approx 1$.
However, using the formula above, the intensity is still $\approx 0.37$ of the initial intensity, but the way I understand the authors the intensity should be null for $\tau \approx 1$.