It's not just a matter of taste - if you're clipping the black point on your pictures, you're actually throwing away some of the photons you've worked so hard to capture.
The reason for setting the black point incorrectly is usually doing it visually on a monitor where the black level hasn't been set correctly. There are two steps to fixing this.
Step 1) set the monitor black point correctly using either Adobe Gamma (a utility that comes with Photoshop) or using a hardware color calibrator. The latter is the best method - they used to be quite expensive but you can get them for around $150 these days. In addition to setting the black point correctly, it'll calibrate your colors correctly so that there's no guesswork - what you see is accurate.
Step 2) use the histogram to take the visual guesswork part out.
On the following picture you can see the histrogram in the upper right. It rises up at the left from "zero", showing that no light greys have been lost. The result is a natural looking picture, with lots of detail in the greys, and natural looking edges to the stars (if you can' see the detail where the left arrow is pointing, your monitor black point is set too low.)