I think the thing that Rec Diver doesn't get is that a tank can have a small amount of CO (for example, 1%), in addition to the oxygen, say 32% in our example case.
Breathing a gas that is 1% CO2, even though it is 32% O2, will kill you.
Breathing a gas that is 1% CO2, even though it is 32% O2, will kill you.