*begin religious rant* - sorry, I felt inclined to do this for some reason:
Well, according to the bible, the wages of sin IS death. However, that does not mean we're all going to hell. Jesus died on the cross once for us all. After his death, he spent three days in hell, then was risen from the dead -- thus defeating it. When we repent our sins those sins are put upon Jesus, therefore, in God's eyes we are sinless.
Remember that this is not mortal death, but everlasting death that we are talking about here. Everyone's going to die here on Earth

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"If we confess our sins, he is faithful and just and will forgive us our sins and purify us from all unrighteousness." 1 John 1:9